All Forum Posts by: Darren Redfearn

@John Teachout I haven’t went under contract yet. I was wondering what moves I should make before going under contract. This has been so helpful, thank you all. I’m definitely going to require that the land lord gives notice to the tenant to vacate before I make an offer. 

@Steven Hahn btw I just read through the lease that the tenants signed and it says that in the event that the landlord sells the property then they can be given a 30 notice to vacate. 

You guys saved my butt on this one. @Mason Hickman

So you'd say that even with the tenants lease ending at 9/30 @Bjorn Ahlblad my closing would be 8/15

I don't know that I can because there lease does not end until 9/30. However Im with you that's why im asking, I don't know if I can get the deposit from the land lord, etc.

I am buying a primary home and moving in when the tenants move out. Just wanted to know if my offer to the owner should say anything specifically about the renter? Also is there any Standard SOP that I need to follow when it comes to this deal.

Amazing question, I was wondering how other ppl felt about this myself. I think you are doing great  with that property, the only fear I would actually have with a looming recession is what does my cash reserves look like, and how recession proof is your job. If you feel confident with your personal finances I wouldn't worry too much about an appreciating asset ( especially one that is at that low of an interest rate). However if you still want to sell Id definitely buy it from you, lol.