Fully Occupied M-F and FHA

[Jason Polykoff]

Hi BP!

Can you still acquire a multi-family property with an FHA loan if all of the units are occupied?

Here's the scenario: I'm looking at a triplex that is currently fully occupied. The earliest lease ends in June. I'd like to use an FHA loan to acquire the property. Since I won't be able to live in it until July, am I able to use an FHA loan? I thought I read that I have 60 days to occupy the property if I use an FHA. Any information would be great!

Thank you BP!