My last 2 house hacks i negotiationed seller concessions to help with closing costs and interest rate buy Downs. 2023 4plex house hack was $11k in sellerconcessions and the 2024 4plex house hack was $15k I'm currently Under-contract on a non-owner occupied 4plex.

Once we got the home reclassified at the 4% rate, the taxes dropped to under $600 with the same assessed value of the home.In my experience, rental property tends to be taxed at an actual rate of 6% while owner-occupied property has an actual rate between 0.5 and 0.7%.  

We've recently come across what seems like a great investment property:- Tenant Occupied, paying FMR- Slab home that we will eventually remodel ourselves after the current tenants leave. - Only 4 houses down from my current home in metro Detroit, MI.We toured the property and it was a hot mess, easily a complete remodel because of cigarette smoke damage that seems to have reached every corner, but the prospect of redoing it really excites us.

Typically, first time buyer programs are saved for those who are going to occupy the property, not investors.

Out of state "tired landlords" of SFH /or Failed MLS status that are vacant and non-owner occupied).

That is owner occupied starting 2025.I will test (if approved) STR or MTR…on the other unit, but also Besure it works for LTR.We both have good credit, DTI is way low, great jobs, and money saved to start this process.Here in Lexington KY I feel it’s hard to find duplex in a decent area unless it’s over $500k.We each prefer under $300k for a duplex.

Property is occupied.

In the event you fail an annual inspection where the property is occupied, then you will have the opportunity to make the appropriate repairs.

Hey everyone!I'm not new to purchasing properties, but this will only be the second property I've ever purchased and the first in this new area. My first property was a Single-Family home right before the pandemic in ...

I'm currently considering whether to 1031 a couple of rental SFH's I have in the DFW area over to Vegas.Having lived in an owner-occupied house here for 3 years now and looking at my Clark County bill:- The assessed value is only 25% of the current "quick and dirty" market value (Redfin, Z)- There's a line item where property tax rate appears to be 3% of the assessed value- ... however, another line item subtracts a lot from this because of the lag from owner-occupied increase cap percentage of 3% annually (if I'm understanding correctlyAlso, despite changing hands 3 years ago, it's interesting that the assessed value didn't get re-assessed to the purchase price back then.