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Updated about 4 years ago on . Most recent reply

Connor Woods's profile image
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Connor Woods
  • Real Estate Agent
  • from Jasper, AL
  • Member since Sep 21, 2020
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Connor Woods's profile image
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Connor Woods
  • Real Estate Agent
  • from Jasper, AL
  • Member since Sep 21, 2020
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Connor Woods
  • Real Estate Agent
  • Jasper, AL
0
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Multi-Family and Apartment Investing

Multi Family Investing when unit it Ownder Occupied

Connor Woods
  • Real Estate Agent
  • Jasper, AL
Posted

Trying to use an FHA loan on a duplex/triplex but every deal I find or run the numbers on is occupied. What can I do with this? Keep looking for something different? Talk to them and see when leases are up? Or what now

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Nick B.'s profile image
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Nick B.
  • Investor
  • from North Richland Hills, Texas
  • Member since Mar 23, 2013
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Nick B.'s profile image
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Nick B.
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  • from North Richland Hills, Texas
  • Member since Mar 23, 2013
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Nick B.
  • Investor
  • North Richland Hills, TX
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Nick B.
  • Investor
  • North Richland Hills, TX
Replied

Buy it fully occupied then wait until one of the leases expires and don't renew. If some of the leases are month-to-month you can give them 30 or 60 days non-renewal notice (check local laws) starting next month.

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