So for owner occupied loans it's the greater of a year. Does that mean 6 months and 1 day then you can move into another duplex, for the same amount of time and get another owner occupied loan? So on and so on?
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Any ideas for subverting owner occupancy mandates in condos, trailer parks, etc?
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My husband bought our house in 2004 with an FHA loan ( with down payment assistance). We lived in the home until about 3 weeks ago, when we moved for my husband's new job. We had planned on renting out our home as our...
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Good morning all,I'm in my late 20's, have a good steady job. Currently renting in the philly area. With what I pay in taxes, I have come to the conclusion it would be wise to purchase something. My thought is to purc...
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I purchased a home with the use of the FHA home loan program four months ago. When I purchased the home it was my intention to live there for 4 years as I thought my fiancé would be re stationed in Colorado Springs wi...
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Curious if anyone knows the true occupancy limits in Northglenn? I've dug around in the municipal docs with no answer. Tried calling multiple departments too and no call back. I do have the list from Hindman Sanchez t...
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I am looking to purchase a 5 unit apartment complex with only 40% occupancy. Is there any possibility that the bank would loan in this property? And what are good strategies to increase occupancy?
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Hello! I have a buyer who is waiting for a short-sale approval on a home. Everything else is done. Financing is in place, appraisals & inspections have been completed, and all documentation has been submitted to b...
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I recently purchased a property built in 1929 that was built as a single family but was separated into two units and the previous owners -- a mother and daughter -- resided in the house in the separate units for 60 ye...
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Hi - This is a pseudo-continuation of my previous post with purchasing a house. We are buying the house with cash, no contingencies under a LLC name. The only requirement was that the seller obtained an U&O prior ...