Anyone know of a reputable and good hard money lender, who would provide 2nd lien position loan on 2nd property non-owner occupied residential property in a nice subdivision in Idaho.

What are those of you who house hack or live in unit and rent out another doing for bookkeeping? I live in one unit (40% of building). My tenants live in the other (60% of the building). Their rent is less than my mor...

Originally posted by @Kyla Bakker:-they own businesses but don't pay taxes -the unit is for their daughter (who we believe is in highschool)-they want to pay cash -they want to pay for the full year up frontLOTS of CASH with no taxes (strange excuse for tenant who will occupy) plus pay a year upfront in cash.Makes me think indoor illegal farm or drop house for illegal whatever.If it were mine, I'd say:If Ontario California; No.If Ontario Canada; No, Sorry.If Ontario Anywhere; NoGood Luck! 

I currently owner occupy one three family property and plan to purchase more rentals in the future.

Wouldn’t it being an investment property already mean it would result in higher rates than a owner occupied property?

Lifestyle-wise we are not interested in house-hacking, but with the right multifamily unit we could owner occupy and be happy.

I would like to acquire the next 3-4 properties using owner occupied financing where I will live at the property for 1 year, then convert it into a full rental, and buy another property to live in, and repeat that a few times. 

You are correct in that it is an owner-occupied loan, so you must intend to live in it.

Since you occupied it over 2 years You can sell it fully tax free if you do so before it has been a rental for a total of 3 years (you didn't give exact dates).

Hello BP community!  My husband and I are FINALLY purchasing our first home! It's a single family home in Washington state, and we are in California. It's scheduled to close on 1/28/2020, and we are using a second-hom...