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Updated 10 months ago,
Ways to get tenant out of lease early to FLIP the house?
There is a property I am interested in purchasing, the catch is the tenant still has 10 months on the lease. My question is, are there ways to get them out of the lease to rehab and flip? I am looking to get a hard money loan to purchase and rehab, but don't want to hold the loan for 10 months and then start the rehab. The rent is only 1,000/month, so most likely I would lose money every month until tenant could leave. Any information would be appreciated! I have thought of offering them cash for keys, just unsure how that process would work.