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Updated almost 7 years ago,

Patrick Sharkey's profile image
Patrick Sharkey's profile image
Patrick Sharkey
  • Rental Property Investor
  • from Columbus, OH
  • Member since Apr 20, 2017
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Patrick Sharkey's profile image
Patrick Sharkey's profile image
Patrick Sharkey
  • Rental Property Investor
  • from Columbus, OH
  • Member since Apr 20, 2017
Connect
Patrick Sharkey
  • Rental Property Investor
  • Columbus, OH
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Rehabbing & House Flipping

203k Loan with tenant occupied

Patrick Sharkey
  • Rental Property Investor
  • Columbus, OH
Posted

First post here,

Looking to buy my first duplex. 60k duplex in need of work. Problem I am running into is the FHA 203k loan requires that the renovations be completed within 6 months of purchase and the duplex I am looking at is 100% tenant occupied with tenants signed to leases past the 6 months. Is there any way to work around this or any other loan possibilities I can look at?

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