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Updated about 10 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • from New York, NY
  • Member since Sep 19, 2014
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Account Closed's profile image
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Account Closed
  • from New York, NY
  • Member since Sep 19, 2014
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Account Closed
  • New York, NY
6
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Tax, SDIRAs & Cost Segregation

FHA owner occupied multifamily

Account Closed
  • New York, NY
Posted

All the should and shouldn't aside. Does anyone have FIRST HAND experience with any repercussions of moving out of an owner occupied FHA multi family property prior to the 1 year period being up? If so please explain your situation. Once again, I understand what the regulations state. I'm simply trying to get some FIRSTHAND stories out here for the community to mull over.

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Joe Fairless's profile image
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Joe Fairless
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  • from Cincinnati, Ohio
  • Member since Oct 7, 2013
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Joe Fairless's profile image
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Joe Fairless
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Joe Fairless
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  • Cincinnati, OH
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Joe Fairless
  • Investor
  • Cincinnati, OH
Replied

@joshua 

@Account Closed had experience with this and ended up having to refinance the property so he adhered to the law. You can listen to the interview here: 

http://joefairless.com/blog/podcast/jf107-presentingthe-worlds-fastest-refinance/

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