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24 August 2021 | 4 replies
Here in Northern Florida what we've seen is that earlier this year a lot of owner-occupiers snatched up properties at bid-up prices, got all excited to be going into their dream home, and then the bank sent the appraisers out and the appraisals came back at significantly less than the price the house got bid up to, and they didn't have the cash to make up the difference.
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24 August 2021 | 10 replies
Whether you are purchasing, financing, or originating owner occupied residential loans, non owner occupied residential loans, or commercial loans.7.
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27 August 2021 | 7 replies
Like a lot of people on this site I was drawn to multifamily house hacking because it allowed for the purchase of a multi family property with very favorable financing options (3-5% down) as long as you occupied one of the units as your primary residence.After speaking with multiple lenders they are all telling me that this is only through the Freddie Mac Home Possible program which has an income cap that I, unfortunately, do not meet.
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23 August 2021 | 2 replies
My accountant used a different percentage based on the amount of the building I was occupying for tax purposes which changed as time went on.
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24 August 2021 | 2 replies
I could do four walk-in closets in a day, easy, with the time while I'm waiting for the coats to dry occupied by all the other tasks around the place, even with having to wash down parts of walls and scrub the baseboards, and painting ceiling and trim both.
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24 August 2021 | 5 replies
They do have some regulations to get approved and I think owner-occupied is one of them. thanks in advance.
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24 August 2021 | 1 reply
Be aware that Absentee Owners are getting offers from most of the other investors out there, so you want to mix in some motivated Owner Occupied.
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24 August 2021 | 2 replies
Hi guys,I'm so happy to be a part of this community. I am still trying to figure out how to search for specific questions, so please excuse me if this has been asked. I'm still VERY new to everything and this would ...
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3 September 2021 | 1 reply
Added 3rd bedroom to one side while tenant occupied - increased rent by > 1% rule.
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3 September 2021 | 6 replies
No, that rate isn't available, even on owner occupied, single family.