Is there a way I can buy 2 duplexes located right beside each other being sold by the same seller with 1fha loan?
Hi @Kalib Williams ,
I know of one way, but it would take some cooperation from the seller. With permission from the seller and terms negotiated for the sale of both properties, you could pay a licensed land surveyor to do what is called a Lot Consolidation Plat. A Lot Consolidation Plat is essentially a re-mapping of two or more adjacent lots or parcels of land, combining them into one larger parcel. Once that process is complete, you can buy the "new" combined parcel of land with 1 FHA loan because it is now legitimately one piece of land with two structures. Hope this helps. Good luck and let us know how it goes!
@J. Henriquez wow Thankyou so much, I will definitely follow up on this