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Updated over 4 years ago on . Most recent reply

User Stats

63
Posts
14
Votes
Chris Mooney
  • Real Estate Agent
  • Hudson Valley, NY
14
Votes |
63
Posts

Wholesaling deals with holdover tenants

Chris Mooney
  • Real Estate Agent
  • Hudson Valley, NY
Posted

Hi everyone,

I found a motivated seller, and most of the aspects of the potential deal work for me and for the seller. One tricky situation, there is a squatter in the property (licensee holdover to be exact). 

I'm going to see the property in a few days, and if I can come to an agreement with the seller, how much trouble will I have finding an end buyer now? With the moratorium in place, end buyers might be turned off by this.

I'm familiar with the cash for keys strategy, but aside from that, is there anything I could do to motivate and support the holdover in order to leave the property? 

I don't want to lock this up, and then waste my time, the seller's time, and my end buyer's time. 


Thanks all!

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