Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

7
Posts
0
Votes
Brandon King
  • San Francisco, CA
0
Votes |
7
Posts

Future investor odd scenario

Brandon King
  • San Francisco, CA
Posted

Hello - Regarding a recently purchased multifamily with the intent of occupying one unit. They started purchasing properties to eventually provide housing for those in need. After fully renovating the unit for themselves and moving in (owned the property for about three months) he met a woman and baby girl from a shelter that need housing within 30 days or they will lose their program that will cover their housing. 

In terms of the owner occupancy requirement, they fully intended to live in the unit but felt a moral responsibility to let the woman and child have the unit as no other landlord in their area would accept them/the program as tenants. Does anyone have any suggestions on the best route for someone to handle a situation like this?

My client was very torn as the mother would have lost her child and the program had he not said yes to them living in the unit, they more than likely would have ended up on the street. Has anyone dealt with this scenario before?