All Forum Posts by: Terrill W.

Hi Chris,
If your stocks are in an IRA or you are able to set one up, it could be a tax efficient way to create your own trust. My only knowledge about this comes from an article that I read last year. Here's the link: http://www.nytimes.com/2012/04/21/your-money/self-directed-iras-in-real-estate-need-investor-effort.html?pagewanted=all

Yes, I've read that owner occupied can mean you are not subject to the same fair housing laws, but havent' found any details online. We have always been really careful to uphold an anti discriminatory policy with all applicants. I'm interested in it for occupancy numbers...that sort of thing. Thanks!

My next question is how what are our obligations as far as fair housing go since we are owners occupied? Does the business on site change things at all? Aside from us being around and working all day we have parking constraints but that's just us. What does the law require?

Hi, thanks for your response. The house is actually separated into two units and we rent out both. We live in the converted barn and have our business on the ground floor....so yes commercial, and total of 4 units.

My husband and I own an older house with a barn. The barn has been converted to a live space and we have our business on the first floor and live above it. We rent the house as two separate units and use the garage to store large equipment. While the barn and house share a septic system they are separate buildings. Do we count as owner occupied?