- Owner-occupied single-family homes are only TRULY assets if you can add significant value in a short period of time. - Your wife will get sick of living in a construction zone very quickly- The amount of work you get done in the first month will be about as much work as you get done in the next 11, the fun wears off...- In the end, financially worth it and the satisfaction of having completed it is priceless.

I actually recently completed a HELOC on one of my 3 flats with a lender that lends up to 100% LTV (owner occupied).

The property is occupied.

Rates are typically higher for rentals unless you claimed it's owner occupied at some point during the financing application.Ask your lender if they'll allow you to use the new LLC but sign a personal guarantee.

(says the guy that's closing on three occupied doors the end of this month...)

So - you can buy a fourplex for a million dollars, with ZERO down payment, and can use rental income from the other three units (the ones you don't occupy) to qualify at a rate of 75% of the market rents.

We have documentation of these conversations.Property set to close by end of January. 4-unit owner occupied FHA loan (so I have 60 days to move in or I’m in default)Just found out today, that the unit I was planning to occupy, who was supposed to be month to month after 12/31 had a one year extension signed in beginning of December. 

buying the investment property with 20% down won't impact your first time home owner benefits. since you are buying with an investment loan, you can still buy an owner occupied single family.

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...