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15 October 2021 | 1 reply
Hey All,Like the title says, what if I find myself in the situation where I have purchased an FHA loan on a property, and it is occupied by everyone?
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15 October 2021 | 2 replies
Well bad news a Conventional Owner occupied 2-4 unit is a 15%-25% down payment, even with a Conventional Affordable 2-4 unit the down payment is 15%.
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16 October 2021 | 5 replies
You'd need the address, unit age, additional buildings (garage, pool house, carports, etc), and whether the unit is occupied or not.
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15 October 2021 | 1 reply
Owner occupied with 5 units rented out.
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17 October 2021 | 3 replies
Its a triplex and agent said "Rent is $1400 fully occupied (800+300+300)" I still have to call agent and verify rent numbers, taxes, insurance, and flood zone which I did not put in consideration.
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19 October 2021 | 21 replies
Duplex is fully occupied and there’s no way I’m self-managing that.
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16 October 2021 | 0 replies
Larger Down payment- My lender did advise if all units are rent occupied my down payment will go from 3% minimum to 20% minimum leaving less money in my pockets.
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17 October 2021 | 3 replies
JADUs can only be rented as a separate unit when owner occupied.
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18 November 2021 | 7 replies
It was never listed as a rental and was never occupied after the renovation was complete.
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20 October 2021 | 4 replies
Making sure you are aware JADU cannot be rented as separate unit except owner occupied.