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Updated over 5 years ago on . Most recent reply

Wholesaling Property with Tenants?
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

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