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Updated over 5 years ago,

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Paul Zaino
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Owner occupy by a partner?

Paul Zaino
Posted

I am considering purchasing a triplex, and want to put down as little as possible.  It is out of the question for me and my wife to move into a unit as an owner occupant.  My question is... if I partner with someone on the deal, and the partner occupies a unit in the triplex, does that qualify as owner occupancy for low down payment financing?  Would that partner have to be more than a 50% partner?  Sorry if this has been answered already.  I looked but couldn't find this scenario.  Thanks.    

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