Can I terminate a lease when purchasing a rental property?
Hello everyone,
I am new to real estate investing and looking to get into rentals. I have been listening to bigger pockets pod cast for about a month now and i have been doing research in my local area. I have found a property that I think is a good deal and has about a 20% cash on cash return, the catch is that the lowest paying tenent appears to have a lease agreement with the current property owner until 2030 from what the listing is showing (could be a typo but just Incase I figured I should ask to be safe). If I were to purchase the property is there any way that I can break the lease and have a new one signed?
Thank you for for the feedback and help!