House Hacking a Fully Rented Multi Fam

[Account Closed]

What do you do when you want to house hack a multi family, but all units are rented out before you buy it?

[Bryan O.]

@Account Closed if you are planning to use a loan requiring owner occupancy, then put in the contract that Unit XX or YY must be vacant prior to closing. Then it is the seller's job to figure out how he does that. You will likely need to pay a higher price since they will likely need to do cash for keys to have a tenant break their lease. If you do not have something like that in the contract, it may be more difficult to get it to go through underwriting since you have a certain period of time to occupy, but the leases all show you will not be able to do so.