I NEED SOME QUICK HELP ON THIS ONE.

[Travis Elliott]

Hi and thanks for the help.

I am heading in to my bank tomorrow to get my financing going on an investment house.

Here is my question.I live rent free currently because I get an apartment with my job. I can either financing for the investment property as a non owner occupied or owner occupied.

With O/O I can get in for three percent down and I can get a better interest rate. The problem is when I go to get another investment house I will have to put that one down as an O/O like I was moving into it. Also I cant use the rental income as income.

Is this a bad idea to finance as O/O or a good idea. My banker said that investors do this often and it works well for them.