I am looking to make my first deal through house-hacking. I believe I have found a good deal in a triplex. However, all 3 units are currently occupied.
My question is this, do I have to wait until one lease is up to purchase so that I can move in, or are there other ways to going about it?
All advice will be appreciated, thanks!
1.Check with your local regulations and the current leases.
2.If you are purchasing to live in than you may be able to terminate one of the leases.
3.Ask the landlord to terminate on of the leases if on month to month before closing.
4. Offer Cash for keys after closing.
5. Increase rents on property after closing to help convince someone to leave?
@David Stumpf Thanks for the great advice David! I will definitely use these tips going forward.