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All Forum Posts by: Scott Pollock

Scott Pollock has started 1 posts and replied 2 times.

Private Lending & Conventional Mortgage Advice

Post: FHA work around/ Able to get out of owner occupy rule?

Scott PollockPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 2
  • Votes 0

Thanks for the great answers guys! Looks like I'll be staying here for the year! I do qualify for conventional loans but I was under the impression they typically require more than the FHA 5% down? I'm trying to jump to multifamily after this townhome purchase so looking for minimum down up front….

0 Votes
Private Lending & Conventional Mortgage Advice

Post: FHA work around/ Able to get out of owner occupy rule?

Scott PollockPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 2
  • Votes 0

Hey guys! Brand new to real estate investing - but I own a Wellness Center in Dallas, Texas and have very good cash flow. I would love to not spend a year in my townhome I just purchased so I can rent it out and buy another property in 5-6 months….but would prefer only putting down that 5-10% I can qualify for with FHA….I'm aware they can call my loan due if I move out prior to a year but was wondering if there is a work around??? Thanks!

0 Votes