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Updated about 7 years ago,

User Stats

6
Posts
2
Votes
Alex Mangum
  • Investor
  • Savannah, GA
2
Votes |
6
Posts

Remove tenant from newly purchased and fully rented house hack

Alex Mangum
  • Investor
  • Savannah, GA
Posted

I just purchased a 4 unit house "hack" that is fully occupied. According to the terms of the FHA loan I need to occupy the property within 60 days. Unfortunately, none of the current tenant's leases are ending and there is no 60 day early termination notice in their current lease.

My plan is to offer a free months rent and help with moving expenses to anyone who volunteers to move.  If nobody takes me up on my offer, what other options do I have available and what could happen if I am unable to occupy the property within 60 days?

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