Flipping Houses that Have Tenants in Them By Current Owner

[Alvin Grier]

We've found that most of the landlord owners that we deal with don't want us to let their tenant know that they're trying to sell the house for obvious reasons.

They tell us to tell the tenants that we're insurance agents, and the whole nine, to keep from alarming the tenants.

This can become an issue, as with each subsequent time that we have to show up at the property for a showing, the tenant gets more and more suspicious...

Either that, or they get increasingly more and more harder to work with to schedule showings, etc.

What do you do to make things go at least as smooth as possible in these situations?

Is there any effective way to offer an incentive to both the current owner/landlord and the tenant (or one or the other is fine, as well)?

[Aaron Mazzrillo]

Well, if you're wholesaling, tell your buyers they bought what you bought. No need to look inside. Move along please. Only serious buyers with cash please step forward.

How many properties do you think trustee sale buyers get to see inside of before they bid on them down at the court house steps? My educated guess (and having purchased property at the court house before) is somewhere close to donut hole.

Maybe you need to walk your deals down to the local court house steps and start selling to the real buyers. If people need to see the inside, then you aren't really wholesaling properties. You are trying to get landlord buyers to pay slightly below market price for a property with a tenant in place. Trustee sale buyers don't care about the tenant. They kick out former home owners all day long. Just the nature of the business. If they aren't interested in your deals, become a better buyer, stop paying so much, and get them interested.