Posted by MrWi on July 22, 2003 at 14:04:46:
I am in the process of closing on a deal where I did exactly what the caller is proposing. I had a tired land lord who just wanted out. I took over the existing lease and tenants with 3 months left on the tenants lease. The tenants wanted to move early and I had another couple that wanted to move in so I let the original tenant go and put the new couple in. The new couple ended up getting transferred by the job, so I just started to market the house and have a buyer. SO yes I did lease and then sublet it out and now have a buyer that is buying out everyone.