Prabodh Kumar kandala
Owner occupied HUD Minimum bid
Dear Amazing BP Colleagues,Wondering is the minimum bid that would get accepted on to be owner occupied HUD property?I am planning to buy my first home and we found a good home which does need some rehab. It is alread...
Julie Belton
Owner Occupied and BP Calculator
Has anyone use the Calculators to try and analyze an owner occupied income property. Should I put the owner unit as rental income?
Raven Parmer
Occupy new home before closing?
I have posted about this deal before, once regarding a bad tenant (resolved), and once about zoning (resolved). Now I have another question, and I'll try to be brief. We are purchasing a duplex in Louisville, KY with...
Mitchell Berry
Duplex with one side occupied
I went and looked at a duplex last night. If everything continues to check out the plan would be to live in one side and rent out the other hopefully using an FHA loan. The one side is currently occupied. The area is ...
Donna R.
Strictness of owner occupied loans
Hello. We live in a very touristy area and rent our primary residence. We are looking to buy our first rental that we can use for VRBO. We looked at a place that would be great for this (occupancy in this town is pret...
Michal Kolenda
Closing Problems With Occupied Building
Hi all,
So I’m in the process of closing on my first building with a VA loan. We were set to close initially on November 15th, but during attorney review i discovered the current leases end Feb 28th in one unit and A...
Jana Wu
Owner Occupied Property Tax question
Hi BP, I have lived in a property until July 2015, then rented it since. If I want to take advantage of the capital gains tax exemption (must live there 2 out of the last 5 years), must I sell it by July 2018, or will...
J. Mitchell Bernier
Inspections for Tenant Occupied Properties
I’m looking at my first 3 unit deal and all the number work out and they are all occupied with renters. Do most of the BP followers get inspections done as well? These are C- properties by the way
Brad E.
Question on owner-occupier loans
Hi all - I have been considering a house hack and I am wondering how you can get a loan as the occupant if you purchase a property that has current tenants with leases. What are the requirements in terms of how soon ...
Madeline Graham
Owner Occupied Duplex Minneapolis Analysis
I'm looking into owner occupied duplex purchase. Right now, list prices are between 350 - 400,000. Rents are about 1350 - 1500 for 2 bed 1 bath units. I'm currently looking at a 350,000, would put 20% down. With both ...