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Updated over 5 years ago on . Most recent reply

User Stats

34
Posts
11
Votes
Corey Rippeto
  • Wholesaler
  • Salisbury, NC
11
Votes |
34
Posts

Wholesaling Property with Tenants?

Corey Rippeto
  • Wholesaler
  • Salisbury, NC
Posted

There's a property I could get under contract for $70k. The numbers on it aren't bad (ARV $225k/Rehab $60k), and I could do a wholesale on it.

There's just one thing keeping me from sending my offer.. It's being rented and the tenant has a lease until September, 2020. 

I haven't dealt with wholesaling properties that have tenants in them. So, i'm wondering.. What should I do in this scenario? Should I just not even worry about it and proceed to lock it down? Or might that be a turn off for buyers until closer to the end of their lease?

Most Popular Reply

User Stats

44
Posts
14
Votes
Anthony B.
  • Real Estate Investor
  • East Bay, CA
14
Votes |
44
Posts
Anthony B.
  • Real Estate Investor
  • East Bay, CA
Replied

If you can lock it up at a good enough price, most savvy investors won't mind having a tenant in there.

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