Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 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.

Loading replies...