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Updated almost 9 years ago,
Owner-occupant property hopping?
I've been planning to buy and occupy multi unit properties in my path to investing, but I'm unsure of how the financing would work out. Here's my plan in a nutshell:
-buy and occupy a duplex, renting the other half
-after a year or two, buy another multi-unit property and move in as owner-occupant.
-rent out units in original duplex and in new property (except the one I'd live in).
my question is: would I be able to count the income from renting the first duplex when applying for financing on the second property?