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Updated over 4 years ago,
Keeping tenants after purchase?
Hello BiggerPockets community!
I am new to rental property investing (looking to buy a multi-family unit in the coming months). I have been doing some research and the consensus I found is to not keep current tenants when you purchase a rental property. Do you agree with that?
I am planning to buy a multi-family and living in one unit. If the Cash-On-Cash return is adequate with the current tenants, is it a good idea to keep those tenants if I am not rehabbing those units? Or is it best practice to start fresh with tenants once you buy a property?
Thanks in advance for your opinion!
Jake