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Updated over 4 years ago on . Most recent reply

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DeAnna Overton
  • Cleveland, OH
5
Votes |
10
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Help if possible!! REI

DeAnna Overton
  • Cleveland, OH
Posted

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

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1,068
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Bryan Noth
  • Realtor
  • Austin, TX
1,079
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1,068
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Bryan Noth
  • Realtor
  • Austin, TX
Replied

@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.  

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