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Updated almost 7 years ago on . Most recent reply

Neil Robertson's profile image
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Neil Robertson
  • from Houma , Louisina
  • Member since Sep 22, 2017
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Neil Robertson's profile image
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Neil Robertson
  • from Houma , Louisina
  • Member since Sep 22, 2017
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Neil Robertson
  • Houma , Louisina
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General Real Estate Investing

FHA 203K Loan 4 Plex Full Ocupancy! help!

Neil Robertson
  • Houma , Louisina
Posted

Hello Guys

I am lookin to purchase a Owner Ocupied 4 plex in my area. Only problem is that they are all fully occupied!!! I live in Louisiana, can I evict a tenant so I can live in one of them? is that legal? Any advice on my options?

thanks very much!

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Bryan O.'s profile image
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Bryan O.
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  • from Lakewood, CO
  • Member since Nov 2, 2014
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Bryan O.'s profile image
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Bryan O.
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  • from Lakewood, CO
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Bryan O.
  • Specialist
  • Lakewood, CO
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Bryan O.
  • Specialist
  • Lakewood, CO
Replied

@Neil Robertson if there is a lease that ends (month to month, or ending around closing) then just don't renew it. Otherwise, I would put into the offer that 1 unit must be vacant at closing. Then it's on the seller to provide it to you so that you can inhabit.

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