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Updated over 10 years ago on . Most recent reply

User Stats

42
Posts
17
Votes
Scott C.
  • Investor
  • Street, MD
17
Votes |
42
Posts

HomePath First Look, Investor buy?

Scott C.
  • Investor
  • Street, MD
Posted

Is there anyway for an investor to get around the HomePath First Look period and put an offer on the property?  The "First Look" period is supposed to be for owner occupants or people using public funds to purchase the property.  However, I have seen properties in the past be purchased during an owner occupant phase and then show up as a rental a couple months later so obviously an investor bought it.  Has anyone gotten around this or have any ideas?  

I don't want to do anything shady but I'm just curious to see if I'm missing a strategy out there.

Thanks in advance,

Scott

Most Popular Reply

User Stats

2,843
Posts
1,766
Votes
Crystal Smith
  • Real Estate Broker
  • Chicago, IL
1,766
Votes |
2,843
Posts
Crystal Smith
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied
Originally posted by @Scott C.:

Is there anyway for an investor to get around the HomePath First Look period and put an offer on the property?  The "First Look" period is supposed to be for owner occupants or people using public funds to purchase the property.  However, I have seen properties in the past be purchased during an owner occupant phase and then show up as a rental a couple months later so obviously an investor bought it.  Has anyone gotten around this or have any ideas?  

I don't want to do anything shady but I'm just curious to see if I'm missing a strategy out there.

Thanks in advance,

Scott

 We've bid on properties by supporting non-profits that used real estate as a tool to fund their operations.  Find a non-profit involved in real estate.

  • Crystal Smith
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