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Updated about 12 years ago on . Most recent reply

Andrew Howell's profile image
Andrew Howell's profile image
Andrew Howell
  • from Derry, New Hampshire
  • Member since Jun 21, 2012
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Andrew Howell's profile image
Andrew Howell's profile image
Andrew Howell
  • from Derry, New Hampshire
  • Member since Jun 21, 2012
Connect
Andrew Howell
  • Derry, NH
0
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5
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Multi-Family and Apartment Investing

how illegal is this?

Andrew Howell
  • Derry, NH
Posted

I have heard about investors buying multi family homes as owner occupied to get around paying 25%. If you rent out all the units and dont live on the property how would the bank find out and what are the consequences ? Has anyone else heard of investors doing this?

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