Q&A: How Do I Deal with Inherited Tenants? - Episode 661
Investing in Real Estate with Clayton Morris | Investing for Beginners
Clayton Morris
4.1 • 1.1K Ratings
🗓️ 17 August 2020
⏱️ 15 minutes
🧾️ Download transcript
Summary
What should you do if you find a great real estate deal, but the property comes with inherited tenants? On this Q&A Monday, I'm sharing my outlook and experience dealing with existing tenants in a rental property.
Every Monday, I'm answering your questions here on the podcast. Today you're going to hear three listener questions regarding inherited tenants, how to appropriately calculate your Freedom Number, and the BRRRR Method.
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Transcript
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| 0:00.0 | Welcome in everyone to the Investing in Real Estate Show for this Monday, August 17th. |
| 0:10.9 | I hope you had a wonderful weekend. |
| 0:12.4 | Today on the show we're going to be answering |
| 0:13.6 | three real estate related questions. Now you can ask those questions yourself by leaving us a voicemail. |
| 0:19.2 | It's very simple go to our website Morris Invest.com slash Clayton. |
| 0:24.0 | That's how you can leave a voicemail message. |
| 0:26.0 | Try to keep it to under 30 seconds. |
| 0:27.8 | That way it's succinct and nice and, you know, we can get right to the point. |
| 0:32.0 | So again, Morris invest dot com slash |
| 0:33.9 | Clayton and by the way when you're on that website we've tons of great blog |
| 0:37.5 | posts and content over there for you and if you're interested in booking a call |
| 0:41.0 | with our full service team and you're ready to take |
| 0:43.2 | the plunge in a real estate investing. We are a full service team. We can help you |
| 0:47.1 | get up and running, set up your self-directed IRA, buy your first rental property, |
| 0:51.3 | the whole nine yards. |
| 0:53.2 | Full service, that means top to bottom. |
| 0:55.7 | So check it out. |
| 0:57.0 | Okay, our first question today comes from Tyler. |
| 1:00.1 | My name's Tyler. So my question is this I'm looking at two rental properties and it's going to be about |
| 1:09.8 | $160,000 total. The estimated income on them is about going to be about $2,400. |
| 1:18.0 | My question is though is this. |
| 1:20.6 | They have renters in them. |
... |
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