If you’re open to discussing more about it, feel free to reach out!

If not, perhaps offer a 1-year lease at the same rent they are paying now, or let it roll over into a month-to-month.Moving is expensive for both tenant and landlord, and both parties will do what they feel is best for themselves. 

.- Retaining existing residents- Filling up vacant units, being aggressive on marketing, concessions, and rents, if needed.

One thing I'd add is when acquiring a new building with existing tenants, its crucial to do your due diligence on all the existing tenants.

Even though both buyers are using bank financing they are both existing home owners. 

The monthly interest we paid on the existing note was $2,200.

They’re relocating out of town and would like to sell by the beginning of the year.Here are the key details:Current rent: $1,850/month (tenant is month-to-month, wants to stay)Market rent estimate: $2,200–$2,350/monthTenant history: Has been there for about a year; was paying $2,150 at their prior rental, so an increase to $2,000+ should be manageable.Seller’s situation: They owe about $156,000 on the property and want to net around $100,000 after all taxes and fees.Existing mortgage rate: 3.5%Wholesaler offer: $287,000My position: I just bought a fixer-upper, so most of my cash is tied up, but I can access around $100,000 from a HELOC at 6.5% (15-year draw / 15-year repayment).Question:Is there a way to creatively structure a deal that allows me to leverage the seller’s existing low-interest mortgage — even though it’s not officially assumable?

🎉For private money, start by talking with people in your existing network.

I was hoping to be closer to 200 or under but this may not exist.  

Feel free to DM me.