Offer on occupied duplex, tenants not paying

[Marios Hoppas]

Hi all, I would be grateful for your opinions on this situations.

I am going to see a duplex in NJ thats is nicely below market value. This will be my second investment property.

New roof and siding. Inside needs some cosmetic work, kitchens bathrooms, etc.

Second floor tenant has not paid rent since October. First floor tenant is a family friend of the owner and doesn’t pay rent but “knows they need to move out”

Solid location & rent potential is strong but given the current climate of evictions, I’m not sure how long it will take to evict the upstairs and possible downstairs tenants if something can’t be worked out. Seller passes this burden to buyer.

I’m going to have a conversation with my attorneys but what would you do here?

[Judy Parker]

The Seller is dumping the property because he has Tenants that aren't paying rent, the NJ Dictator Knucklehead Phil Murphy repeatedly extends his Eviction Moratoriums and Joe Biden is now extending the CDC Eviction Moratorium, meaning it could take nine months or more to remove those deadbeat tenants. Don't take possession of this property unless Seller delivers it VACANT.