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Updated over 6 years ago on . Most recent reply

User Stats

34
Posts
3
Votes
Sean Dean
  • Greensburg, PA
3
Votes |
34
Posts

wholesaling prop with tenants

Sean Dean
  • Greensburg, PA
Posted

Hello Bp, 

I am a newer wholesaler in Greensburg, Pa. I came across an absent house so I called the owner. She wasn't interested in selling the property but had another not too far away that she has been looking to sell. It seems like a good deal, house has had multiple updates recently, in a good area, no mortgages, but the only problem I have are tenants in the property. Is it possible to wholesale a property to an end buyer with tenants already in the property? How should the contract be structured? Any advice is helpful. Thank you

Most Popular Reply

User Stats

63
Posts
17
Votes
Darron Washington
  • Specialist
  • Phoenix, AZ
17
Votes |
63
Posts
Darron Washington
  • Specialist
  • Phoenix, AZ
Replied

@Sean Dean few options do the current tenants want to stay? are they prepared for possible rents being raised? you really don't provide much info but in a nutshell it is possible to structure a contract for tenants to stay or not. all depends on the end game which you never mentioned. Good Luck

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