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Updated over 4 years ago,
Highly motivated seller
Ok guys so I need some advice on this potential deal. I have a highly motivated seller that lives in South Carolina but owns a investment property here in my area Long Island NY. It’s a 1 family split level ranch that he was collecting 2 incomes off it. Both tenants haven’t paid him in over a year and he’s fed up and really looking to rid the property
Now for the numbers house comps at 490k I got him down to 323k so far and I know I can get him lower. The property does need work I say between 50-70k in updates. I already know at 323k that’s a pretty good deal the problem is he can’t rid the tenants and he’s looking to go as low as possible to sell with tenants. As I know this deal is NY ... in times of covid. I need to know what’s my options provided I take this deal and what’s my options on how to rid the tenant???