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Adam Widder
  • Real Estate Agent
  • Minneapolis, MN
87
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138
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Remove a tenant to occupy a house hack

Adam Widder
  • Real Estate Agent
  • Minneapolis, MN
Posted

Hey all, what is the proper way to remove a tenant in order to occupy a small MFR property?

Example, we're using a FHA loan, we find a fully occupied property that meets our criteria and we want to live in the MFR. How would I go about removing the tenant so we can move in? Can this be arranged on the contract or can I do it once we have, cash for keys etc. My concern is if I do it once the property is in my name under an FHA loan, the tenant may not want to move, then I'm stuck not occupying the property. Thanks in advance all!

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Tyler Gibson
  • Real Estate Agent
  • Orlando, FL
2,138
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Tyler Gibson
  • Real Estate Agent
  • Orlando, FL
Replied

@Adam Widder this is definitely something you would want to work out before getting under contract. The bank might not even fund you if it is fully occupied since you would not be able to live in it. Figure out when the lease is up on each unit. Ask the current owner if he could provide you the property with one empty unit. 

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