Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
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 3 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Richard NA
0
Votes |
1
Posts

Rent Back to Seller for Extended Period

Richard NA
Posted

I'm looking to buy a property as my primary residence. The sellers are about to start building their new home. We have negotiated a deal where, in exchange for a discount on selling price, they get to stay in the property rent-free until their build is complete. This obviously might take a while. Our agreement will be for 1 year. How can I do this without causing the lender to classify it as investment property (which is a different loan with higher rates AFAIK) ?

Loading replies...