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Updated over 10 years ago,
Moving into a purchased 2-4plex that has no vacancies?
My question is how would you handle moving into a 2-4plex that you have purchased if there are no vacancies?
I recently contacted a property owner and that was selling a 4plex and asked him if any of the units were vacant and he said no but you could post a 30 day eviction notice to one of the units. If you take out a 203k or FHA loan you have to move into the property. I know its business but buying a property to immediately kick some one out does not seem like a good way to increase your reputation especially amongst the other tenants and would be an awkward conversation to have with that tenant.
So how do you decide who gets to go and who gets to stay or are there any other avenues of approach to handle the situation that would help alleviate problems?