BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 7 months ago on . Most recent reply
Investor insight on purchasing wholesale BRRRR
Hi BP BRRRR community,
I just wanted to get some insight into other investors' POVs. When investing in an off-market deal, is it better to purchase properties vacant or is it still a good idea to purchase a property even with paying tenants inside of it?
Example: If I wanted to assign a property to another investor, would I want to try and get the tenant out of the property or should I just keep the tenant inside and just try to reduce the price?
Thanks!
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Quote from @Ryan Tin:
Hi BP BRRRR community,
I just wanted to get some insight into other investors' POVs. When investing in an off-market deal, is it better to purchase properties vacant or is it still a good idea to purchase a property even with paying tenants inside of it?
Example: If I wanted to assign a property to another investor, would I want to try and get the tenant out of the property or should I just keep the tenant inside and just try to reduce the price?
Thanks!
What type of tenant are you dealing with? Month to month? Long term? Good history? Bad History? A tenant in place can be a good or bad thing......depending on the tenant.