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Updated almost 10 years ago,
Attn LENDERS! Financing 2 SFR - same owner/adjacent lots
Hello I'm interested in purchasing 2 side by side SFR. Same owner, separate deeds, separate lots. 1 is vacant, the other is occupied. I'd like to owner occupy the vacant one but rehab both of them.
My question is for the lenders and lender experts, can I put them both under the same loan since I'm owner occupying? Would I have back to back closings with 2 separate mortgages?
Also, if anyone has done this before I'd love to connect with you on here.
I was also curious if I were to get a rehab loan (likely the route I'd take if possible), how would I handle the current tenants living in the residence?
Thank you for any help.