Mortgage Brokers & Lenders
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago on . Most recent reply

FHA Q:
If you purchase a multifamily that is occupied, I understand FHA gives you 60 days to take occupancy of one of the units. What happens if you cannot get the tenant out within the 60 days? Can you apply for extensions? Are there penalties?
Most Popular Reply

I would consult an attorney for concrete advice, but I would suggest that intent plays a big role here. If you have documents proving that you attempted to take occupancy, I can't see FHA messing with you.