Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago,

User Stats

6
Posts
1
Votes
Jesse E.
  • Architect
  • Jersey Cty, NJ
1
Votes |
6
Posts

FHA Occupancy

Jesse E.
  • Architect
  • Jersey Cty, NJ
Posted

Hi BP Community!  First post, long time follower (sort of)!

Here's my question...  My wife and I are in the process of looking to buy a 2-4 unit MF property in Westchester County, NY.  Our intention is to Owner Occupy for the foreseeable future.  We would like to Finance the property and potential renovations using FHA 203K. IF the units are fully rented with lease agreements in place, would there be any flexibility to the FHA occupancy requirements? Keep in mind we fully intend to live there, however we must also honor the previous lease agreement.

Has anyone experienced a situation like this?  

Is there a potential to draft up an addendum to the occupancy affidavit stating property owner will establish primary residency xx days after expiration of existing lease agreement?

Loading replies...