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Updated over 5 years ago, 05/14/2019

Jeff Lappe's profile image
Jeff Lappe's profile image
Jeff Lappe
  • Member since Apr 4, 2019
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Jeff Lappe's profile image
Jeff Lappe's profile image
Jeff Lappe
  • Member since Apr 4, 2019
Connect
Jeff Lappe
0
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10
Posts
General Landlording & Rental Properties

What happens to deposits when I buy a property with tenants in it

Jeff Lappe
Posted

I am a new pro on BP and new to REI. I am looking at my first deal on a multi-family that has existing tenants. What is done with the deposits that the current owner has collected, so that if I buy the deposit refunds aren't coming out of my pocket if a tenant moves out? Thanks for any insight!

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