Patrick Young
Selling a Rental Wait List Spot
Hi All,I am currently on the board of my HOA and have an idea about commoditizing the rental wait list spots. Has anyone heard of any association allowing members to sell their spots on the rental wait list to other m...
Account Closed
Owner Occupancy rules
Good afternoon all, I'm a newbie with a dilemma.I'm considering buying a triplex, using FHA financing. Therefore, I would have to be an owner occupant. The triplex is completely occupied; how would I be able to utiliz...
Jean G.
USDA loan for large multi-family
Hello,I am reading through the requirements of USDA Multi-Family loans (for larger non owner occupied multi-family properties), and they have certain income limitations for tenants, as they are intended for lower inco...
Allie J.
House Hack question - getting "caught"
Hey all! I'm new to all of this and really appreciate all of the threads. Can someone explain something? I was going back through old house hacking threads, and someone was asking whether he could do the owner live-in...
DG A.
Evict Tennant from Oakland CA Duplex without "Just Cause"
Hi Everyone, I have read measure EE "Just Cause for Eviction" rules in Oakland. I see that the rules DO NOT apply to a property of 3 units or fewer, where the owner lives in of the units. Here's the language from the ...
Adam Selene
Made a mistake, now scared of HUD. What should I do?
A couple months ago, I bought a home from HUD, and signed that I intended to occupy the property myself, which I honestly did intend to do. However, due to a variety of reasons, I may have to cancel this move to anoth...
Charlene Stovin
Working Expired Listings
Hi all, I am not sure where to post this.I was just about to move forward to invest in my first rental property, and I was laid off from American Airlines in June. To stay involved in RE, increase my knowledge, and m...
Larissa Phillips
Eviction for owner occupancy?
I recently bought a triplex (my first ever purchase) but based on the terms of my mortgage, I need to move in. One unit has a woman on disability for osteoarthritis who has been there for 10 years, the second unit is ...
Account Closed
Home Mortgage for a Duplex, Triplex or Fourplex
Hello BP community! My wife and I want to acquire a multifamily property either a duplex, triplex or fourplex. We are considering finance it through an FHA Loan but we are open to any suggestions. Any recommendations ...
Matthew Hille
FHA to Conventional Loan
I purchased a duplex in Minneapolis with a FHA loan June of 2015 that I owner-occupy. I've had an appraisal recently and have hit 80% LTV and since rates are still low I've been thinking about refinancing into a conv...