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belliott71

Owner selling home with tenant in place

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Is it possible to approach an owner (fsbo) for a CA that already has a tenant in place? Or do you have to go the consulting route.

 

Thank you,

Brad

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Sure it's possible. But I think the question is whether or not the homeowner wants to sell and do a CA, and also what is the existing lease agreement with the current tenant?

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I've done deals like that before and the GREAT thing, is you don't have to market to a t/b, as they already live there.

The more difficult part is getting option money from someone who is already living in the house. The incentive isn't very strong to come up with $4k or whatever so they can possibly buy the house they are already living in.

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