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

[Connor Kline]

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.

[John Otradovec]

I am 20yr lender and Investor and flipper. The only option you have really is to offer cash for keys.. so if you really want it, you just have to decide how much it is worth to get them out. Most HML are for 12 months and you would def lose money anyway so I wouldn't buy it if you are not able to get them out early.

Let me know if you need a quote or any help on the HML.
Regards,

John O