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Updated almost 5 years ago,

User Stats

5
Posts
2
Votes
Cody Clark
  • Portland, ME
2
Votes |
5
Posts

FHA on first househack but tenants?

Cody Clark
  • Portland, ME
Posted

I'm looking at investing in a duplex. It's (2) 2BR 1BA units that are currently rented until Aug 2020, and Feb 2021. If I'm to utilize an FHA loan for this property I understand it's to be owner occupied for the first 12 months at a minimum. With the current tenants in place, do I give them the boot when I take ownership of the property? Or am I able to let them live out their leases and stay at my current residence? Thanks in advance for any insight.

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