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Updated over 5 years ago,
Wholesaling a house with a tenant that needs to be evicted
I am talking to a seller who inherited a house within the last year. She didn't know if anyone was living in the house. The tenant had stopped paying rent and she didn't follow though on an eviction. I drove past and there was clearly someone living there. She was obviously upset, but I told her I may be able to help her by buying the house.
How can I wholesale a deal like this? Obviously my end buyers would not be able to inspect the inside with someone living there.
The ARV would probably be 58-60K. It's a rental class neighborhood. The exterior of the house looked to be in good repair. How low do I need to go to account for the unknown repairs on the inside?
Would the situation be the same if the tenant didn't need to be evicted?