Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

15
Posts
7
Votes
Brent Kakwitch
  • Property Manager
  • Nashville, TN
7
Votes |
15
Posts

Advice: Owner Occupied Conventional Loan & STR (Nashville, TN)

Brent Kakwitch
  • Property Manager
  • Nashville, TN
Posted

Hey BP Network!  This is my first post so please go easy on me haha.  Any advice/help would be greatly appreciated.

I am new to real estate investing and closed on my first house in the middle of April which I intend on turning into my first investment property through STR or LTR. I currently have an owner occupied conventional loan on this property which I believe will create some complications in regards to renting. Will I have to get to +20% equity and refi into a NOO conventional? I have downloaded the STR checklist to apply for my STR permit in Nashville. My girlfriend and I will begin the search for our 2nd property in the very near future.

  • Brent Kakwitch

Most Popular Reply

User Stats

15
Posts
7
Votes
Brent Kakwitch
  • Property Manager
  • Nashville, TN
7
Votes |
15
Posts
Brent Kakwitch
  • Property Manager
  • Nashville, TN
Replied

@Pete Blankenship done! Look forward to talking with you.

  • Brent Kakwitch

Loading replies...