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Updated almost 8 years ago,
HOW WOULD YOU APPROACH THIS
I'm looking to wholesale an investment property. The seller has a property that he wants to sell and make at least 20K. He has tenants that has lived in the property for 3 1/2 years paying him $750/ month. He also has $1200 in back taxes from 2014 (the plan on having him pay those himself). How do I analyze this potential deal seeing that he already has tenants. Repairs shouldn't play a major part as long as nothing major needs work because there already people living there. Can someone give me some insight?