Joseph Reh
VA Home Loan Occupancy Rule?
Hello, my name is Joseph but everyone calls me Joe. long story short, I am a recent veteran and have been interested in acquiring some property utilizing the VA Home Loan. I just received my disability and I know this...
Kwaku Farkye
How Lenders Verify Owner Occupancy
I recently went to Wells Fargo and they're offering me 5% down on an owner-occupied duplex (I think it's a program they have for first time homebuyers). I'm all for playing by the rules, but how does a lender even ver...
Tony Thompson
Checking Account for Owner Occupancy?
I will be getting a duplex and owner occupy it and rent the other unit.
Simple question:
Do I open a checking account to dump rents and deposit into? Will I be using this account for expenses and debt service as ...
Ping W.
Unauthorized occupant of rental property
Our single family house was leased out to current tenant from June 1st. There are 4 authorized people who were supposed to live there on the lease. They are consisted of the main tenant (a store owner), his younger br...
Joseph Novicky
FHA minimum owner occupancy ratio
Hey BP Community,I am a new Real Estate Investor trying to buy my first property but I keep running into the same problem. Every time I want to make an offer on a condo my realtor says I am not allowed to due to the F...
David Maldonado
Refinancing and 1 year occupancy
Hey everyone,Is it possible to refinance out of a va loan into a non-owner occupied conventional loan? My 1 year requirement is met at the end of September for my va loan. I would like to refinance out and then use my...
Rich Hupper
owner occupant fannie mae property
Anyone have experience with REOs where the current owner fannie mae requires all prospective buyers sign an occupancy rider? I came across one recently where the rider requires the buyer to take occupancy within 60 da...
Jean-Marie Poth
housing occupancy permit during corona
I am wondering how people are handling the inability to obtain a housing occupancy permit with municipal government shut down?
Qadre Lewis
Buying a property with occupants
I was looking at a duplex that has two occupants already there. I’m thinking it could be an instant profit but I would like to know a few pros and cons.
J Torres
Owner Occupancy and Eviction Moratorium
Hey BP!Just wanted to see if anyone had any first hand experience with what's going on with the eviction moratoriums and owner occupancy requirements for homes purchased with tenants still in the properties. Has anyon...