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Updated over 12 years ago on . Most recent reply

Sabrina Laplante's profile image
Sabrina Laplante's profile image
Sabrina Laplante
  • Real Estate Investor
  • from Squaw Valley, California
  • Member since Mar 28, 2012
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Sabrina Laplante's profile image
Sabrina Laplante's profile image
Sabrina Laplante
  • Real Estate Investor
  • from Squaw Valley, California
  • Member since Mar 28, 2012
Connect
Sabrina Laplante
  • Real Estate Investor
  • Squaw Valley, CA
17
Votes |
101
Posts
Foreclosures

HUD home gray area...?

Sabrina Laplante
  • Real Estate Investor
  • Squaw Valley, CA
Posted

I have a quick question. Given this scenario, if one is trying to buy a HUD home as a future investment, pays all cash for it, but has another house that they live in, how many days of the week do they have to live there to qualify it as "owner/occupier" status.

Also, my next question would be what if it takes 12 months to remodel the place before they can live there? Does that count as the 12 months before they are free to rent it out?

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