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Updated over 4 years ago on . Most recent reply

Help if possible!! REI
Hi guys,
So I’ve been studying RE for some time now and excited to finally get started.
I’m Pre approved now and in search of a Multifamily home to to live in, while renting.
What are some reliable sites to check daily?
Also, is anyone familiar with trying to buy a home and occupy thats CURRENT occupied? Is this possible?
Ive been searching for homes outside of Cleveland (must be a safe and upcoming neighborhood)
Is it best to just focus on homes thats not occupied?
Btw, I would love to connect with ppl whose already started and in the game or ppl like me :)
Any information is helpful.
Thanks for reading.
Most Popular Reply

@DeAnna Overton get in touch with a local real estate agent who understands investing (start with BiggerPockets network search even). Check with your lender about an owner-occupant loan for a multifamily, some loan products will require you move into the property within 60 days of purchase. Simplest would be looking for a multifamily with one vacant unit. Next easiest would be if one of the tenants is on a month to month lease, just give appropriate notice and then occupy yourself. You can require current owners give notice before closing or even offer cash for keys to mutually break a lease early if they are all long term leases.