Turning a single family resident into a multi unit works well down here.

Hello,I am a UK citizen/resident who is looking to invest in property within the United States.

I would like to do an owner finance on my current primary residence but we still owe on the contract and after hearing podcast 16 I think it is a brilliant idea to do an owner finance and move on to our next house.

He can sit and do nothing.There is nothing in RE that you're going to think of that hasn't been thought of before, there are usually tried and proven, legal methods to accomplish a solution for just about any problem you can face, so ask instead of creating things.

OO= Owner occupied (i.e. primary residence)NOO = Non owner occupied.Couple of notes:1) I heard it from a little birdie at my loan broker's that the fannie mae limit is going up from 10 to 12 soon so we may be able to go to 12 in a little bit.2) Once you get over 4, you're going to need to really do some digging to find lenders that can do the 5-10 loans (i.e. loans for properties 5 thru 10).

What you are asking for has been the topic of many threads and articles here on BP and requires a lot of information, so much in fact that one of the resident Flip experts, @J Scott wrote an entire book about how to estimate rehab costs...I highly recommend it!

Also with it not being my primary residence the tax is higher for buy and hold investors.

Then, I'll "drop by" their current residence to drop off some paperwork early in the application process.

I already spend part of my time here but later this quarter I will become a 'full-time' resident of GA.

The city said no and so we moved and rented it out as a residence up until 2005.