Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Owner occupy by a partner?
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.