Nick Sopchak
SBA 504 / 7(a) Occupancy - Shared Building
I am curious about the occupancy requirements for the SBA's 504 / 7(a) loan options. One of the requirements states that to qualify one must occupy 51% of the sq/ footage for an existing building. We are looking at le...
Jake Lord
Certificate of Occupancy Checklist for Flip Project
Hello all,
A business partner and I are currently working on a flip or BRRRR project - it is a 3 bed/2 bath single family property in the greater Binghamton, NY area. The property definitely needs a lot of work and c...
Levi Sheriff
HUD House Foreclosures - Owner Occupant work around
There is a HudHome for sale in my area. It has 9 days until it is up for investors. There has already been a number of investors through. But no owner occupant bids yet. I am fishing for ideas here, but is there a...
Alex Huang
Owner-Occupant Question - Time to Move In
Are there any rules for Owner-Occupant bidders of HUD properties with regards to how quickly the occupant needs to move in?For instance, is someone allowed to buy a property as an owner occupant, leave it vacant for 3...
Jeff Penn
Family S Corp Issue Related to Occupancy
Hello, I have kind of an interesting one. My family has an S Corp that has owned some rental land for many years. One of the owners actually lives on a portion of the land, but it has been held for investment apprecia...
Ronald Hayden
Tax benefits to owner occupancy in California?
My business partner and I are evaluating the possibility of purchasing the home that one of us is renting, due to the owner needing cash.Can anyone provide a pointer/advice on the tax benefits of owner occupancy for a...
Christopher McGuire
Fannie May Owner Occupant Rule and Airbnb
I own a house that I purchased through Fannie Mae as an owner occupant about 4 months ago. Obviously there is a clause that I must owner occupy the home and not rent it out. My question is this.If I Airbnb the home wh...
Cherie Ganesh
Owner occupancy for HUD bidding and purchase
I am a commercial re broker in Memphis and own multiple commercial and residential properties. I have a person who helps us with maintenance on our SFR investments who needs a place to live but has limited resources ...
Hadley Benoit
Thought on SRO (single room occupancy) investing
Anyone out here actively investing in legal SRO (single room occupancy) buildings in Brooklyn and Queens NY? Is it a good idea? Is it profitable? Are all the restrictions involved worth the hassle?
Tom Hoyt
Maximum Occupancy of a 1/1 Condo
We are new Landlords and have a 1/1 upstairs Condo and our Lease Agreement states any additional people living there in besides the named Tenants will result in $150 additional rent. We have a few questions for you mo...