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Updated over 6 years ago,

User Stats

127
Posts
47
Votes
Daniel Gonzalez
Pro Member
  • Real Estate Investor
  • Maplewood, NJ
47
Votes |
127
Posts

How to handle a section 8 tenant

Daniel Gonzalez
Pro Member
  • Real Estate Investor
  • Maplewood, NJ
Posted

Hello,

I recently put an offer on a REO 2 family. One unit is vacant but the other is occupied by a section 8 tenant. My plan is to use a 203k loan to fix the property and rent one unit at market while I live in the other.

My concern is removing the section 8 tenant. How do I have them leave so I can fully rehab this property? The tenant is on a month to month lease which I think would be beneficial in this situation. I already asked the bank if it could be delivered vacant but from how they responded I think they want to avoid that headache. I would like to avoid an eviction as well since that could take months and with the 203k I have a finite time to finish the rehab.

If anyone has some thoughts or advice I'm all ears. 

thanks 

  • Daniel Gonzalez
  • Loading replies...