Listings with existing Tenants
Of course the rental currently being received does not cover the basic cash flows based on the listing price. However, in a few cases, especially those in the outer GTA, it looks a lot better. So I'm just wondering what the deal is with people selling properties with existing tenants. Anybody have any hunches on why they're likely listing? Maybe they realize it's not covering their expenses? Hating the landlording game or other investment opportunities.
Would the new buyer have to assume the tenant? (Unless of course the new buyer says they want to move in). Is there really a discount to be had as a certain, high spending segment are generally turned off by that type of listing?