Nicholas Wilson
Questions for occupied SFH
I am new to real estate investing, I will be goin to look at a SFH this week with a renter already in it.? What are some questions I should ask and anything I should look at besides the basic home stuff?
William Donaldson
FNMA Owner-Occupied Problem
Greetings BP!
About a month ago I put in a bid for a condo that I will live in while I rent out the other three rooms to friends for the remainder of college. We knew it was coming on the market and put in the first...
Bharath Raj
Commercial owner occupier appraisal
My medical practice (PLLC) is a tenant in a multitenant bldg that' in my holding company. I am looking to refinance it. The bank gave me great terms as a owner occupier, but required an appraisal. The appraiser' repor...
Daniel Golub
Thoughts on occupied apartments?
Hey guys,I have a pretty nice deal for an apartment sitting in my lap. Its a bank repossessed condo apartment going up for auction. It is specified that the apartment is occupied. Can anyone shed light on their though...
Inam Rehman
FHA Owner Occupied Terms
I am looking to get an FHA loan on 3 unit where i will be living in one of the units. My question is regarding the term "Owner Occupied".
Lets say i keep one unit for myself and pay all bills etc but i live s...
Mariah Lakey
Owner occupied homepath contract
I'm under contract on a homepath property and need to add llc due to being a domestic violence, they are telling me I cannot because it's not considered a real person,I have to cancel the contract and resubmit an offe...
Teron S.
Intent to owner occupy?
Hello BP,I'm looking to buy a multi-family home within the next 6-8 months. My question is after living in the home for a year or more, if I receive a job offer in a different state, decide to have less unit because ...
Jeff Anderson
Unusual Owner-occupied scenario
I have a bit of an unusual scenario... My wife and I own our home free and clear with no mortgage (reside in Ohio). We are looking for a loan of $150K to pay off unsecured debt that has fallen into various stages of c...
Account Closed
Verifying Tenant Occupied Properties
Hey guys, I'm new to investing. Living in CA, I need to invest out of state due to limited funds. For multi-unit properties for sale, if the seller specifies that the units are rented out/occupied, how can this be ver...
Jaime Guzman
Non-Occupied Borrower Problem
I have kind of hit a wall. I am in the process of investing in my first 4-plex in Phoenix, AZ. I was planing to finance it with an FHA loan with 3.5% down. My dad was going to be a co-borrower and provide some of the ...