Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Sade Davis
0
Votes |
2
Posts

Buying Multifamily Unit with Squatters

Sade Davis
Posted

I am interested in purchasing a multiunit in Philadelphia. The current owner is going through the legal process of evicting all tenants for non payment of rent (2 units due to COVID hardships and the other just purely squatting (has not paid rent prior to COVID). I am curious to know if my eviction fight will be less cumbersome if I purchase pre-eviction and take over the property? Will my legal eviction be more strenuous? I will not be interested in letting anybody stay regardless of situation since current rent is below market value. All tenants are on a month to month lease.

Please tell me if it benefits me to purchase now and deal with bad tenants or wait until the owner is successful (no timetable) and deal with undoubtedly a higher sales price.

Thank you, 

Most Popular Reply

User Stats

392
Posts
289
Votes
Luke Rorech
  • Real Estate Agent
  • Greater Tampa Bay
289
Votes |
392
Posts
Luke Rorech
  • Real Estate Agent
  • Greater Tampa Bay
Replied
Either put into your offer, as a contingency, that the tenants need to be evicted prior to closing. Or offer cash for keys.

Loading replies...