wholesaling property with non-paying tenant
I want to wholesale one of my recent acquisitions as-is, where-is, and with a non-paying tenant.
When the investors start calling - how much will they try to grind down on the price because of the tenant issue. Do I even have to disclose she hasn't paid?
Thanks
P.S. - Properties in CALIF if it makes a difference[ Edited by HeidiWhite on Date 03/03/2003 ]
HeidiWhite
Investors will want to grind you down as far as they can.
It is truly up to you what you disclose about your property. I would suggest place all the facts on the negation table!
Most will want a P&L statement on the subject investment any way.
[addsig]