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Updated almost 7 years ago on . Most recent reply

User Stats

335
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Emilio Basa
  • Wholesaler
  • Sterling Heights, MI
105
Votes |
335
Posts

wholesaling tenant occupied properties

Emilio Basa
  • Wholesaler
  • Sterling Heights, MI
Posted

I have an investor that wants to sell his tenant occupied property. It's in a really desirable neighborhood and the tenant is paying $900/month and has been in the property for 8 years and doesn't plan on leaving. 

I really can't use the 70% guidelines on this property. Is there another way to price this property out? 

Most Popular Reply

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1,730
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1,511
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Jason Hirko
  • Lender
  • San Antonio, TX
1,511
Votes |
1,730
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Jason Hirko
  • Lender
  • San Antonio, TX
Replied

Try and market it to your buy and hold customers. If I'm looking for a rental, I'll often pay a premium for a seasoned tenant because there will be no vacancy or rehab up front... Just cashflow

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