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Updated over 12 years ago on . Most recent reply
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How can I wholesale a HUD property that is "owner occupant" only?
I know there has to be a way out there.....
I'm thinking I use my name as the buyer..and use my transactional funders proof of funds letter....
Has anyone done this? Are there restrictions as to when the "owner occupant" can sell it?
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The only way you can do this is if you plan to live in the property for at least a year before you resell it.
Owner occupant means that you will occupy it yourself. If you don't plan to do that, you'd be purchasing under fraudulent pretenses.