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Updated over 5 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Randy Sears
  • Realtor
  • Bowling Green, KY
2
Votes |
11
Posts

Rental property investment tenant issue

Randy Sears
  • Realtor
  • Bowling Green, KY
Posted

Hey everyone, I have a question that I would love some feedback on as me and my partner are looking to make our first deal happen. we are looking to use an FHA loan with three and a half percent down payment to purchase a duplex which we would house hack and rent out one side. The duplex currently has tenants in both units. What would you all recommend as the best solution for getting one tenant to move out so that we could move in and qualify for the FHA loan on the property? I will be consulting my real estate attorney for his advice, but I would love to hear feedback from our community. Look forward to reading the replies and thank you in advance for your time!

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