Simone Martorelli
Question regarding to FHA occupancy rule
Hi Everyone!
With a FHA loan for a four-unit (3.5 % down) bought in partnership with somebody, considering that we live in different states (FL-CO). Can only my partner live in one of the units to fulfill the FHA occ...
Paul Gast
Rent by the Room Occupancy Laws
Hello Everyone!I'm looking at a potential BRRR property near a university in Waukesha, WI. I'm struggling to find laws regarding how many rooms I could rent out to potential tenants. The house is currently a 3 bedroom...
Rob Wii
Basement Occupancy when Buying New Property
Hi,
I am looking at purchasing a detached one family property in Queens with a fully finished basement. It is advertised as one living level.
The property is classed as A9-1 Family Dwelling in zoning distric R4-1 a...
Anthony Sasso
The Villages, FL - Occupancy Rates Data
Hello,
My wife and I are considering a home purchase in Sumpter Landing within The Villages, FL to use as a STR. We are aware of the variance in demand for STR depending on the month/season but are hoping for more i...
Andrea Gillis
Risk of Possession/Occupancy after Closing?
I am looking for anyone with experience in a similar situation to the one described below. What were the main hurdles? Did the occupant leave before closing? Did the occupant trash the place? What is the best course o...
Brian C.
Post Occupancy Agreement requested by Seller
Hello Everyone,This is an accounting related question: I'm putting in an offer on a property to convert it into an STR. I understand to qualify for it to be an STR, average 7 day threshold needs to met (among other...
Amonrid Chaiprathum
Primary Borrower and Co-signer Occupancy
I’m in the process of helping my mother purchase her first home. However, we’re wanting to purchase a property as a primary residence and then later on convert into an investment property.
So my mother is living ren...
Michael Nguyen
What counts as occupancy for HUD?
I want to start my real estate journey with house hacking using an FHA loan, but I live with and take care of my sick parents who aren't in a stage of life to move.
My question is, can anyone give me a more clear def...
Jennifer Noble
Define "owner occupancy" for investment MFR
Hi All,I understand that if I purchase a MFR investment property and designate it as my new primary residence, I could potentially pay 3-5% down instead of 25% for a non-primary MFR investment. I can live in it for a...
William Schmidt
Home path homes and owner occupancy?
The flipping market is saturated in my area as it is all over the country. I've decided to shift gears to the BRRRR method. Is this possible with home path homes? How strict are the owner occupancy rules? Can someone ...