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Updated about 2 years ago,
Question about owner occupied loans with rentals
Hello all, I'm looking into buying my first investment property. Ill be using an FHA loan, which means ill need to live in it for a whole year. What are my options for buying a triplex with all month-to-month leases? Could I purchase it and just let the bank know I won't be occupying it until the 30-day non-lease renewal period is up and the tenant is gone? Thanks so much!
- Michael Clark