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Updated over 2 years ago on . Most recent reply

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4
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1
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Taylor Smith
  • Rental Property Investor
  • Brewer, ME
1
Votes |
4
Posts

Buying a 4plex fully occupied

Taylor Smith
  • Rental Property Investor
  • Brewer, ME
Posted

Whats the best way to go about the issue of buying a 4plex in NC with a VA loan so im required to live in one unit but they're all occupied?

Most Popular Reply

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739
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Andrew Garcia
  • Lender
  • Charlotte, NC
410
Votes |
739
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Andrew Garcia
  • Lender
  • Charlotte, NC
Replied

Hi @Taylor Smith, review the current lease agreements. If one is ending shortly, you can ask the current seller to simply not renew it.

Alternatively, you could ask the seller to buy them out of their leases. However, you might have to increase the sales price that way.

I am sure the others on here have some ideas as well.

Hope this helps! Let me know if I can be of any assistance.

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