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Updated 11 months ago on . Most recent reply

Jose Botello's profile image
Jose Botello's profile image
Jose Botello
  • New to Real Estate
  • from Southeast Missouri
  • Member since Jun 10, 2023
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Jose Botello's profile image
Jose Botello's profile image
Jose Botello
  • New to Real Estate
  • from Southeast Missouri
  • Member since Jun 10, 2023
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Jose Botello
  • New to Real Estate
  • Southeast Missouri
13
Votes |
20
Posts
Starting Out

Newbie Investor with possible first deal

Jose Botello
  • New to Real Estate
  • Southeast Missouri
Posted

We’ve been looking into investing into real estate and we have an opportunity to buy a duplex that has a vacant side and an occupied side. We are thinking about living in the vacant side while we build a house on our land we bought. How long do we have to occupy it before moving out? 

Saint Louis, Missouri
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Hamp Lee III's profile image
Hamp Lee III's profile image
Hamp Lee III
  • Real Estate Agent
  • from San Antonio, TX
  • Member since Jan 5, 2019
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Hamp Lee III's profile image
Hamp Lee III's profile image
Hamp Lee III
  • Real Estate Agent
  • from San Antonio, TX
  • Member since Jan 5, 2019
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Hamp Lee III
  • Real Estate Agent
  • San Antonio, TX
792
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1,277
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Hamp Lee III
  • Real Estate Agent
  • San Antonio, TX
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It depends on the loan type and lender. Loans through FHA require a 12-month residency. Some lenders might require a specific residency.

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