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.
Rehabbing & House Flipping
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 10 years ago on . Most recent reply

User Stats

172
Posts
53
Votes
Kyle Cabral
  • North Dartmouth, MA
53
Votes |
172
Posts

Homepath - Owner Occupied Buyer First Look

Kyle Cabral
  • North Dartmouth, MA
Posted

Hey Guys,

I was looking at a property in the area to flip but it was part of the "Homepath" program where owner occupants get first dibs within first 15 days.  After learning about it, I actually thought to knock down the house, build a house, and live there for 2 years.  I found that my offer got rejected and went to an investor.  The annoyance here is that he bought it was an "owner occupant" although he bought, flipped, and now sold the house within 3 months.  But he bid during the "owner occupant" time period.  I heard he got docked 10,000 for selling within two years.  Is anyone familiar or understand the rules behind selling before 2 years is up when you buy a homepath property under 2 years.

Thanks,

Kyle

Loading replies...