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Updated about 9 years ago on . Most recent reply

Account Closed
  • baton rouge, LA
0
Votes |
18
Posts

4 plex fully occupied need to move in one

Account Closed
  • baton rouge, LA
Posted

if I purchase a fully occupied 4 plex with an fha loan that stipulates I live in one of units, how do you move one person out without raising  rents?

Most Popular Reply

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98
Posts
48
Votes
Jack Edgar jr
  • Rental Property Investor
  • Chicago, IL
48
Votes |
98
Posts
Jack Edgar jr
  • Rental Property Investor
  • Chicago, IL
Replied

fyi, before going too far down the rabbit hole you will need something in writing for underwriting. With that said, you would want to occupy the lowest rentable space so that your numbers work out the way they should. 

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