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Updated over 11 years ago on . Most recent reply
Question about post cards to absentee owners
I have noticed that a lot of wholesalers put in their post cards when mailing to absentee owners, "I will buy with or without a tenant in place." What is the strategy when you have a lead with a tenant living in the house, if most buyers are rehabbers? Do you evict the tenant? Do you sell to a rehabber who will keep the paying tenant in place until the lease expires, if you don't have a landlord buyer? I know sometimes I overanalyze things but I've been curious about this because I know most absentee owners are probably landlords, and, I know wholesalers sale mostly to rehabbers. I am thankful for any response. Thanks!!!
Most Popular Reply
As far as wholesalers saying they would buy with or without a tenant is just a strategy we use to entice sellers to sell their property if they have bad tenants. Most landlords that sell their property end up selling because of horrible tenant situations.
Wholesalers sell their properties to rehabbers and landlords. Landlords are rehabbers! If the property is not in the greatest shape the landlord must get the house back into livable condition.
As far as selling the property to your end buyer whether it be a rehabber or landlord....once they close on the property they have the right to either keep them there or give them the boot. You let them make that decision, don't make it for them.
Hope this helps!