Jonah Slove
Possible Owner Carry
Found a FSBO SFR that the owner is selling 100k, or so, below market value. He sent me the appraisal from 6 months ago for $370k and CMA's are around $350k. He is asking $270k with the agreement that he can continue t...
Felix Piper
Owner Occupied Loans
Whether FHA or conventional, what type of proof do you have to give that you will occupy a property to qualify for owner-occupied loans? If someone were to purchase a multi-family property (2 - 4 units) with the inten...
Alvis Jenkins
Offering Owner Financing
So would this be a good deal for an investor?I’m selling a home for $330K if I offer owner financing, I’d ask for $130K-$150K and then the remaining monthly amount until the mortgage is paid off. The rental comps woul...
Grant Bublitz
Owner Occupied Duplex
Hi My closing date of Aug 12 is approaching on an owner occupied (FHA loan) Duplex.The purchase price was $115K at 3.5%down. The roof was replaced in 2007. The foundation/basement are excellent.The current tenant has ...
Chase Brauchie
Owner Occupied Fraud
Would my brother still be eligible for an owner occupied loan if I co- borrow on the loan but have no intent on living in the property? He would be occupying the property. Thanks!-Chase
Bradley Kesselman
Owner Occupied Requirement
I am about to purchase my second sfr rental property. I would like to put down 20% however it will not be owner occupied and I've been told that for investment properties lenders require atleast 30% down. Is there a w...
Eric Bunratty
Owner Occupied Financing
I have a 4-unit property, that I got investment financing on from a major bank: 25% down, 4.75% interest. I have a pretty unique work situation -- I travel and stay in hotels 95% of the year, so I don't need a "perman...
Josh B.
Owner occupied loan
I’m in the process of buying a home with an owner occupied loan. I’m suppose to close on it in a month and the week after closing i’ll be leaving to work in Hawaii for about 6 months. Can I rent some of the rooms out ...
Michael Sellers
Owner Occupied Loans
Hi everyone,I live in a more expensive market, so I’ve been considering using an owner-occupied loan as to only have to provide 3.5% (or something similarly low) for the down payment. I’m priced out of my local market...
Gregg Diamant
Owner Finance Foreclosure
I am looking for advice on foreclosing on a home that I am owner financing. The buyer is coming up on 5 months delinquent! He has gotten behind before and paid in bulk, but this is stretching out too long, and as it i...