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Updated almost 17 years ago on . Most recent reply
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Owner Occupied to Pure Investment Question
Hello I am looking at purchasing a 2 unit property, living in the one unit, and renting out the second. My question is if I purchase the property as owner occupied, but then lets say at some point down the road I wish to move out and rent the portion I lived in, will this trigger any sort of "due on sale" clause since I am no longer occupying the property? What would the bank do if this did happen?
Thanks in advance!