Wholesaling a Property With Tenants

[Bryan Igboke]

Hey guys,

I'm currently in the process of wholesaling an on market property (I reached out to their agent and got them to accept my offer) and the deal is great on paper. The big downside is that the tenants are still in the property and the agent says they will take roughly $10,000 to move out. 

Any tips on how to navigate this situation? Especially when it comes to talking to potential buyers. Has anyone ever dealt with this?

[Bandhu Ji]

I would treat it as a part of the rehab and add the $10k into that figure.  Then let the potential buyer know the situation and that the estimated buy-out is already included in the numbers you've presented.  Many buyers won't bat an eye at needing to pay cash for keys as long as the numbers work.