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Updated over 7 years ago,

User Stats

12
Posts
1
Votes
Eric Bradeis
  • Florence, NJ
1
Votes |
12
Posts

How to make the deal possible...

Eric Bradeis
  • Florence, NJ
Posted

So I'm looking to buy a triplex using an FHA loan. It is currently fully rented out with all leases renewed until june-july 2018. FHA requires that we move in to the property within 60 days. The current owner doesn't even want to ask any of his tenants if any of them are open to leaving before their lease is over. I know that the current owner wants to get out of managing the property himself. Would I have the legal right to give notice to one of the tenants if I was able to buy the property? Does anyone have any creative ways to make the deal work? Any advice would be appreciated. Thx.

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