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Would you buy a tenanted property for less or pay more for a vacant house?

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Comments

  • london21
    london21 Posts: 2,161 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Peggy0628 said:
    My plan is to get the tenants out asap (depending on the exact terms of their tenancy agreement - I don't know the exact details).
    I don't need a mortgage to buy this tenanted house but would need one to buy a more expensive vacant house, that's why I'm considering this option. So technically, if the tenants stopped paying rent, it would not cause me any problems (well, it would be a problem but there would be no risk of defaulting on mortgage and such).
    If so easy the seller would have gotten them out to get more money.

    It is a gamble, can take months to successfully evict the tenant. 
  • clearancer
    clearancer Posts: 153 Forumite
    Eighth Anniversary 100 Posts Name Dropper
    Offer to buy the house you currently live in. Landlord might say yes … problem solved!
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