Updated about 10 years ago on . Most recent reply
FHA Loan on Duplex - Vacancy/Move in Requirement
Hi everyone, I've been trying to find my first real estate investment and am planning to house hack a duplex and finance using FHA. Live in one unit, then rent out the other. However, the ones I'm seeing are fully occupied and the owner doesn't want to deliver one unit vacant. As a result, I've been losing out on opportunities for the past 8 months. I looked up the FHA requirements and it seems they only require that the borrower occupies the property within 60 days of closing. In this regard, can I buy a fully occupied duplex, evict one tenant on my own, and occupy before the 60 days is up? Or would one unit really need to be vacant upon closing? Your help is much appreciated!