How To Deal With Tenants Living In Your Wholesale Real Estate Property
More than 50% of the time, it’s a good thing if there are tenants in your Wholesale Real Estate property. They present an opportunity for profit starting the day you close your deal. When you first contact the seller, it’s really important to establish the relationship that the seller has with the tenant. From there, you can decide how you want to proceed.Every once in a while, you will encounter an investment property with a “bad tenant”: one who is delinquent on their rent, or who doesn’t follow the terms of the lease agreement. In this case, the seller should be responsible for evicting the tenant. After all, they’re getting cash for their home and won’t be paying closing costs. If they aren’t, it’s up to you to decide whether or not it’s worth the hassle to evict them yourself. It could end up getting ugly: the seller might retaliate by vandalizing the home, or refusing to leave. Some deals are worth the extra work and some aren’t.
