Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

313
Posts
68
Votes
Tim Kaminski
  • St. Petersburg, FL
68
Votes |
313
Posts

Buying Property. How to remove tenant to make room for myself?

Tim Kaminski
  • St. Petersburg, FL
Posted

I am considering buying a multifamily property in St. Petersburg, Fl.  Would like to house hack but the unit that I would be moving into has a new tenant that wouldn't be out until August of 2018.  

I have heard of the cash for keys strategy, even though I wouldn't know what a reasonable amount of money to offer would be($1000/mo rent).  Are there any other strategies to getting a tenant out of their old lease or do I have to honor it?

Is there anything about changing ownership of the property that would let me kick a tenant out or am I S.O.L.?

Thanks,

Tim

Most Popular Reply

User Stats

5,752
Posts
3,860
Votes
Michael Noto
  • Real Estate Agent
  • Southington, CT
3,860
Votes |
5,752
Posts
Michael Noto
  • Real Estate Agent
  • Southington, CT
Replied

@Tim Kaminski Why not first just try submitting an offer with a contingency that the the unit be vacant upon sale?  If the seller really needs to sell and you are presenting a viable offer they may do what they need to do to get the deal done.

  • Michael Noto

Loading replies...