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Updated over 7 years ago,
Buying a Flip Property with Tenants on place
Hi everyone, I wanted to get some feedback on an issue that came up today. I was talking to landlord who lives in another state than where property is located. There is a tax lien on the property. The landlord currently has a tenant living in the property. My business model is predicated on buying homes fast using HML, rehabbing and selling. How do I handle tenants if I were to buy the property? Pretty sure law says I cannot remove a tenant without cause. Besides I wouldn't want to do that anyway. Does anyone have any suggestions on how to move forward on a potential flip project with tenants in place? Thanks, I appreciate your time!
Best regards,
Eric Waterman