This video is for homebuyers, not investors! With record low inventory, we understand that homebuyers may be considering buying a house with tenants, just to get a chance to buy a house! If you find a tenant occupied property for sale, make sure you understand these 5 tips before buying a property with tenants! We cover this and more:
✔️ What are the two ways to buy a house with tenants❓
✔️ What extra paperwork should a home buyer review❓
✔️ Is there way to shorten the process when giving notice to a tenant❓
✔️ How can buying a property with tenants affect the financing❓
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00:00 WIRE Associates intro from Christian Walsh
01:33 Buying house with tenants - two ways
03:25 Tip #1 Who is terminating tenancy?
04:25 Tip #2 Financing
05:47 Tip #3 Paperwork
07:29 Tip #4 Eviction
08:44 Tip #5 Bonus to save time and money
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This is not meant to be a solicitation of a property currently under contract. This is not meant to be legal or tax advice, please consult with the appropriate professional. We are licensed to sell real estate in California (if you need help elsewhere, we can help find a good broker, let us know), CalRE # 01804983. Berkshire Hathaway HomeServices California Properties (# 01317331)
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