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Updated over 5 years ago,

User Stats

8
Posts
2
Votes
Hayden Hirzel
  • Real Estate Agent
  • Royal Oak, Mi
2
Votes |
8
Posts

4 unit property as a primary residence

Hayden Hirzel
  • Real Estate Agent
  • Royal Oak, Mi
Posted

Hey all, I have a property I currently live in with a couple roommates so I don't pay my mortgage at all. I was thinking of possibly renting my house out to them and purchasing a 4 unit property. Can I call it my primary residence if I live in a unit and rent out the other 3? My thought is that I can minimize my down payment by doing this. Has anyone done this and what down payment was required?

I live in Metro Detroit area by the way.

Thanks!!!

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