I don't have the links to back it up, but I remember reading that a multi family doesn't count as an owner occupied resident that you can STR.

There is alot to read here on lending issues, you need to understand that as a lender your interest in the collateral will always be as a lender and not an owner unless your borrower gives you the deed to cancel the debtThe best place for a new lender to start, IMO, is not in making seconds as gap financing but as a transactional lender, funding closings and getting your money immediately in compliance with any usuary law that may apply. :)

Keep in mind, if the subdivision is not by-right and your investment group wants to seek a variance, you are able to do so as the equitable owner meaning you don't have to purchase the property before submitting your zoning application, receiving your refusal and appealing to the ZBA.

Decide which game you want to play.

Good afternoon everyone, I am looking to purchase non-conforming multifamily in the Essex County, NJ with a 5% owner-occupied down payment.

So no worries if you decide to change your investment strategy!

This means you must be the title owner of the property for 12 months until you can use the appraised value of the property.  

The owner has a small existing mortgage on there about 25k.

hello everyone, i am 22 and the past several years i solely invested in the stock market which i have grown to a portfolio of 275k but i have always listened and been learning about real estate. i am now wanting to pivot to diversify and get my first property. thing is im stuck and having a hard time trying to decide what to do.

Most jurisdictions require a GC if you're not the owner, and on a new build you'll need someone to be there for inspections, etc. which if you're flipping without a permit you probably haven't encountered that.