Mike Groome
Owner occupant multi-family investment
I am curious to know if the owner occupancy requirement for living in a building for 1 year applies specifically to a unit or to the property as a whole? I am looking to purchase a 4 unit apartment building and live ...
Sonia Chopra
Purchase & Cert. of Occupancy
Hi All, I am about to go into contract for a 2 fam house in NYC (Queens). The home was a single fam converted to a 2 fam years ago. There is no Certificate of Occupancy (CO) on file and from my understanding, the only...
James Greenwood
HUD Foreclosure- Owner occupancy rules
A friend of mine just had an offer accepted on a HUD foreclosure in AR. On the email that they got from HUD it states things about having intentions of using the house as a primary residence for 12 months, can’t sell ...
Ty Monroe
Owner occupant and the tennants
I have never invested "yet", but I am interested in buy and hold of multifamily rentals. How, as a first time Owner occupant, do you deal with the tenants knowing your their landlord and are living with them? If somet...
Jessica Skupien
VA Loan Owner Occupancy Requirements
Hi BP folks,
My husband is in the military and we are planning to begin our real estate investing endeavors with an owner occupied multi family unit somewhere in East bay (Bay Area, CA). Assuming, of course, that I c...
Jeremy Fields
Market research and occupancy rates
The market here in Charlottesville, VA has become rather saturated with short-term rentals and I'd like to provide something different. Guest cabins in the rural area. I see no problem filling up the weekends, but not...
Ludmila M.
HUD home, owner occupant questions
Hi,Calling for experts on HUD homes. I would like to bid on a HUD home as an OO, with an honest intent to move in for at least a year. Good middle school district and great location of the property justify the hassle ...
Michael Osborne
Primary residence with delayed occupancy
I am currently living overseas until October 2020 and have found a property I would like to purchase. The plan is to move into the property when we return to the US. Is there a lender that would finance this property ...
Aaron Parry
Driving for dollars Owner occupants
Hey all,Been noticing a few potential driving for dollars hones in my area. I’ve had a few calls with a response or two, but my question is: what is the best way to initiate the conversation with an owner occupant wit...
Michelle Wright
FHA occupancy and job change
Hi,I recently purchased a home using an FHA mortgage and have been living in it for 6 months. I telecommute for my primary job (the one used to secure the loan), but I have a great opportunity for my second job. I t...