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Updated almost 11 years ago,

User Stats

227
Posts
31
Votes
Samson Kay
  • Investor
  • Chicago, IL
31
Votes |
227
Posts

Can I live in the 20plex that I buy?

Samson Kay
  • Investor
  • Chicago, IL
Posted

Not that i'd want my tenants to have 24 hour access to me by knowing I live in the building, but financially it might make sense to live in the building that you are trying to either rehab or improve on vacancies until its cashflowing like its supposed to.

But for some reason I heard somewhere that you cant live in a building that you buy using a commercial mortgage. I'm having difficulty finding info on the internet to verify that that is true..

Any truth in that?

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