Buy a 4-plex with FHA loan
Hi my name is Kamaron I'm from the Milwaukee area. I've been researching properties around the area for a while, specifically the 4-plexes. My question to you all is that I know you have to live in the property for at least a year, but if the property is already fully occupied is it off limits or how do you go about moving into the property?
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You can do a variety of things, require the property have one vacant unit as part of the purchase, putting it on the seller to empty a unit. If leases are month to month you can have the current landlord serve notice so it's vacant at closing or you could serve notice to vacate immediately upon purchase for the unit you want to live in. I believe you need to occupy within 60 days.