Duplex Deal Advice - FHA

[Leroy Wallace Jr]

Hi Everybody, I’m looking for a little advice here. I am looking to buy a duplex that is zoned as mixed use. The seller is meeting with the town to have the zoning changed in early December. I would be house hacking this one, and renting out the second unit. The only issue is this how may not pass FHA due to a structural issue with the basement. I met with the structural engineer today and he believes that it just needs a few lally columns and an lvl to fix the problem, other than that it has been fully renovated. My issue is this. The seller doesn’t have anymore money to put into it. They have used a hard money lender to renovate and are now out of funds. They are trying to get out from under the hard money lender so they have incentive to sell. I would be willing to pay for the cost of fixing the structural issue before closing on the house - so that the house passes FHA. Anyone have some advice on how to do this, or structure the deal? Thank you! Leroy