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Updated 10 months ago,

User Stats

47
Posts
12
Votes
Connor Kline
Pro Member
  • Real Estate Agent
  • East Texas
12
Votes |
47
Posts

Ways to get tenant out of lease early to FLIP the house?

Connor Kline
Pro Member
  • Real Estate Agent
  • East Texas
Posted

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.

  • Connor Kline
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