Want to put an offer in today - Help!
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!