Pittsburgh Atlanta Wholesale
I am currently investing in the Pittsburgh, Atlanta area and may have bit off more than I can chew (too many properties under contract at the same time). I do have enough money to close, but I am not sure I can handle all of the work at the same time. The property is a 4 bedroom 1 bath and currently has section 8 tenants. The city pays $1,200 per month, and the least expires in April 2021. I would like to fix it up, but I am not sure if I can evict the tenants because of the pandemic. Should I close and hope that the tenants get out In April 2021 when I provide 2 months notice (as required by section 8 lease), or lose my earnest money and count my losses. Thanks for your advice guys!
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My section 8 tenants are on a month to month and the city is still paying. Can you just buy and hold with the tenants in place until conditions improve? That is what I would do, unless you're using hard money and stand to lose a lot in interest. I have a couple of houses in Pittsburgh too.