Current tenant not vacated! -- supposed to close today!

[Kevin Turano]

The sellers still want to close claiming they "filed an eviction" today. I told them I will not close until the tenants are vacated. ----- However, I was wondering..... what if I told them, since the tenants are not out that I wanted a concession of $20,000,,, a "sellers concession of $20,000 or maybe $30,000??? Would this make the deal good for me? ( the purchase price is $90,000, rehab is $25,000 and the ARV is $140,000 )

[Mia G.]

Having to evict an inherited tenant can be tricky... especially with the current eviction moratorium in place until the end of March (could possibly be extended as well), meaning those tenants can just sit and not pay for quite a while and it might be difficult and costly to finally get them out. It's up to you and what you think is best for your situation, but make sure to weigh the pros and cons of each scenario and talk to your attorney!