Is it possible to finance a fully rented fourplex as 1st home?

[Tyler McLeod]

Hello,

Is it possible to get traditional financing for a fully rented fourplex as my first home purchase? I am currently renting an apartment in an area about 60+ miles from this property, and the listing says it is fully rented with long-term tenants. Ideally, I'd want to live in one unit and rent out the others if it were closer, but I just ran across this scenario and thought I'd ask.

Thanks!

[Anthony Gayden]

Originally posted by @Tyler McLeod:

Hello,

Is it possible to get traditional financing for a fully rented fourplex as my first home purchase? I am currently renting an apartment in an area about 60+ miles from this property, and the listing says it is fully rented with long-term tenants. Ideally, I'd want to live in one unit and rent out the others if it were closer, but I just ran across this scenario and thought I'd ask.

Thanks!

 Yes, I did it. Kicked out one of the tenants and moved into the empty unit.