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Updated over 7 years ago on . Most recent reply

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

@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