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Updated over 3 years ago,
Buying first multifamily property with conventional loan
I am in the process of purchasing my first multifamily property and will use a conventional loan to purchase the deal.
The property is in another city and I know that conventional loans require the owner to occupy the property within 60 days of purchase.
Is there a loop hole to this rule ? Could I get a family member to occupy the property for me ? How would the bank find out if I moved into the property to begin with ?