Buying auction properties with sitting tenant

Buying a property at auction with a sitting tenant? - Property118

Instead, I started to ask questions about the property. The property had a tenant in situ and having made the error of bidding without doing ...

I am looking at a number of option on an upcoming auction. They all have sitting tenants so purchase will have to be a blind buy (not access to property before ...

Buying an Occupied Property - Auction.com

Regarding your potential tenants, any lease that's in place before you buy the home remains in effect after the purchase, so you cannot raise ...

Should I stay away from auction property with existing tenants?

If you need mortgage finance to complete on a residential purchase, my advice is don't buy at auction. Auctions are where the problem properties ...

Bidding on auction.com occupied property - BiggerPockets

I'd talk to them if the bid looks like it is going to be accepted. Either figure out a cash for keys, or a rental price/terms that make sense ...

I am buying a property through auction.com which is still occupied ...

The landlord must file for an unlawful detainer, which gives the sheriff's authority to forceably remove the tenant.

Should Landlords Sell Property at Auction with Tenants in Situ?

If you have the time and don't mind not selling right away, you may be able to sell to a wider pool of auction buyers, and this could mean that ...

Buying A House With Tenants: A Guide | Rocket Mortgage

Remember that the property you're buying is someone else's home. The existing tenants maintain all of the rights granted to them in their lease, ...

Buying a property at auction with tenants in situ - Landlord Discussion

The property looks to have already been bought and paid for. Could be a bad situation to be in if during the buying process no one has raised ...

Buying a tenanted property at auction?

I would personally value a property less if it had a sitting tenant AND you couldnt get in to take a look. These seem to be flying at a price much higher ...

Can someone who buys your home at an auction evict you ... - Quora

lets Say that you hold a lease, and the landlord sells the property. The lease remains. You are what is called a “sitting tenant”.

What you need to know about buying a tenant-occupied property

First and foremost, the existing lease remains in effect. Leases are “attached” to the house, not the owner. Which means you can't raise the rent.

The risks of buying property with a tenant on “terms ... - YouTube

The risks of buying property with a tenant on “terms unknown” at an online auction. 7 views · 11 minutes ago TERRY GORRY & CO. SOLICITORS

Am about to buy an auction house with tenent, can I evict them since ...

... sit in cafe all day and play porn as loudly as possible lol. ... Found a property I'd like to purchase as first home, currently has tenants in the ...

The risks of buying property with a sitting tenant on “terms unknown ...

I always advise about the value of getting the legal pack checked out before the auction and before you bid. And I've also advised that a ...

Dealing with property occupied by owner or tenants after purchase ...

If it does appear that you will have to evict them then you may want to back off from gaining entry. I have heard of auction investors that have ...

How much does a sitting tenant devalue a property? A brief guide

A sitting tenant is an individual(s) living in a property that a landlord is currently renting out. Selling the property, while it's still ...

5 Steps to Selling a Rental Property with Tenants in Place

If the sitting tenant is not interested or is unable to purchase the property, your options include selling your home through a traditional real ...

If I bought a lot at auction, do I own the house on it? The home ...

The lease remains. You are what is called a “sitting tenant”. The new owner can only evict you in certain circumstances and must comply with the ...

Property purchase with sitting tenant - OpenRent Community

We've just purchased another property via an auction. It was being sold on behalf of a receiver. However I'd like a bit of advice: The property ...