Updated almost 11 years ago on . Most recent reply
Question about a FHA loan on a two flat
Great morning and afternoon to some, I was hoping to get some guidance on this situation. I was looking for my first investment property to be a two flat and I was considering to go the FHA route for that. My question is what if the seller actually lives on a floor and is renting the other to a tenant, is that tenant required to move once the two flat is sold or can I take over the property and already have one tenant in place. I appreciate any help given, I'm also looking to invest in the Chicago land area suburban areas though.