Hi all,Long time lurker and first time poster. I have a finance scenario and am trying to figure out the best way to go about it.My Question: I have a family member that's in need of housing and I'm in search of an in...
Hey BP,Have any of you used this strategy? I guess its not much of a "Strategy", but more of another way to get into a mortgage. Im starting to look into my second rental property and would be moving out of my curre...
Hello fellow Investors,
What are the current owner occupied rules surrounding the time frame for having to occupy the property? The property is located in Ma, not sure if that matters or not. A mortgage person is say...
If you buy a portfolio of properties, can you live in one of the SFH and get a Fannie loan? My example is 3 SFH and 1 Duplex. I guess the question would be something about how portfolios are treated during financing o...
What are some rules of thumb or advice when buying an owner occupied duplex?
I am looking to buy a duplex and live in one side. Many of the duplexes that come up for sale at are fully occupied. I am wondering if I would be able to secure a conventional/govt loan (if one of the leases were up i...
I'm having a hard time deciding if I should BRRRR a tenant occupied property after the tenant leaves or buy section 8 tenant occupied?
The BRRRR property is $115k with an ARV of $180k. This is tenant occupied till A...
How long must an owner-occupied remain owner-occupied in Ontario, Canada? I'm looking online and through my mortgage documents again. I don't see any indication of a minimum amount of time an owner-occupied property m...
Hi all,
We have a rental property which had a HO3 policy with Heritage, we got a good deal with Citizens to swith to tenant occupied. We needed a four point inspection, and when I called the tenant to notify them he...