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Updated 5 months ago on . Most recent reply

User Stats

161
Posts
47
Votes
Jennifer Fernéz
  • Investor
  • Reading, PA
47
Votes |
161
Posts

Want to put an offer in today - Help

Jennifer Fernéz
  • Investor
  • Reading, PA
Posted

Hi all.   I want to buy a triplex in my area.   Please help!   I want to occupy one of the units so I can get an owner-occupied loan and only have to put down 3.5%.   However, the seller's agent expressed 'All tenants want to stay'.   How could I get one of them to agree to sign an agreement to vacate the property?   Many investors are looking at the property so I was going to offer full price with $10,000 deposit.

Rent situation:

Unit 1 -- Current:  $800/mo Projected $1200/mo (this is the one i want) - month to month

Unit 2 -- Current:  $900/mo Projected $1000/mo - lease expires Jan 2025

Unit 3 -- Current:  $800/mo Projected $1200/mo - lease expires Jan 2025

Any ideas?   Please help!

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