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Updated almost 6 years ago on . Most recent reply
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Owner Occupied Loan on Tenant Occupied Property
Hi All,
I'm wondering if anyone has dealt with owner-occupied loans on tenant occupied properties? How does this work? I understand you have to honor a lease agreement when you purchase a property, but does this also mean you can only get owner-occupied loans on properties that are vacant? Assuming the renters aren't month-to-month.
Any help is appreciated. Thanks!
Christian