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Updated over 11 years ago on . Most recent reply

User Stats

216
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117
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Nuhan Demirkan
  • Rental Property Investor
  • La Plata, MD
117
Votes |
216
Posts

Existing tenants in wholesale deals

Nuhan Demirkan
  • Rental Property Investor
  • La Plata, MD
Posted

I am doing marketing to absentee owners. Getting pretty good responses. But most of the responses are from tired landlords who have tenants in the property. Some pay their rent others are late. How do I get my deal flow to close 2 to 3 wholesale deals a month if I have to deal with the tenants in place. Most of these have month to month leases. Is it just a matter of having enough of them in the pipeline so I can move the tenant out (which may take a few months) and wholesale the property to cash buyer? And do I write the contract to reflect the time it takes to move the tenant out? I am willing to do cash for keys (within reason) if necessary. Are there other ways of getting these tenants out or structuring the deal so I can flip these properties quicker?

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