Kyle Hoorn
When does one year Owner Occupancy start?
Hello,This is kind of a novice question but I am trying to accelerate my "bank hacking" by buying owner occupied homes as fast as possible for the next few years as I am still in my 20's and is easier now. Without ge...
Alexander Wardell
Inheriting tenants with A LOT of occupants.
Hello everyone, I am in the process of buying my first real estate investment property and I am hoping to gain some insight into a particular situation that I have found myself in today.A little information about the ...
Vincent Dimedio
Certificate of Occupancy on flip in NJ
I recently signed contracts on a forclosure that needs to be repaired and updated e.g- new windows, floors, fixtures, walls, appliances etc. Major components like roof, foundation are ok but property as- is would not ...
Dalwin Garcia
Sheriff Sale Property With Illegal Basement Occupancy
BP community! My wife and I are in need of some help/guidance.We recently closed on a duplex through a Sheriff Sale. The 1st and 2nd floor apartments are vacant, but currently there is someone living in the basement. ...
Robert Leonard
Owner Occupancy - What Is, and What Isn't?
A friend of mine and I were having a discussion about his current situation the other day, and I'm curious to hear others opinions, specifically those active in the BP forums. He currently lives with his girlfriend an...
Ryan Cook
Running Numbers on Intended Owner Occupant Multifamilies
Quick question - I'm a broker and work with a lot of folks looking to purchase a multifamily for occupancy. I still run numbers as if they weren't in the property to see if the numbers make any sense and if a property...
Jon Mizuno
Underwater property 100% occupancy, loan modification pending
HI All, I have a 'single family' property in Hawaii that has been underwater for 5 years as Ive been applying for a loan modification since then, with no success so far (Ive reapplied multiple times). It's fully rent...
Brett Jacobson
FHA Owner Occupancy Rules - Having a kid
My wife and I currently owner occupy a duplex that we have lived in for 7 months. We are having a kid in 2 months and would like to move either to another, larger owner occupied duplex or into a single family home. Wi...
Lynn Harrison
CALIFORNIA- seller finance & Certificate of Occupancy?
CaliforniaIf I am buying a house with seller financing which I will occupy then does the house need a Certificate of Occupancy at sale? Does the title company need it? Does a high deductible home insurance policy need...
Ben Bakhshi
Increasing occupancy in a vacant office complex
We are considering the purchase of a 50% occupied office complex that is an REO. About 30,000 sq ft total rentable sq footage. It is class B+, the existing tenants are very stable and medically oriented. We'd like to ...