Dominic M.
FHA owner occupancy requirement after a BRRRR refinance. Help?
Hi all,
I have found a property that is a great BRRR opportunity. Here are the numbers.
Purchase: 70,000
Reno: 30,000
ARV: 135-150
Purchase with a FHA 203k loan.
Question:
If you refinance to a convention...
Andrew M.
Notice to vacate for existing occupant in New Purchase
I just bought a house in Pennsylvania that I planned to use for mixed owner occupant and rental purposes. Due to a fairly insane set of circumstances that existed during closing I ended up taking ownership of the ...
Greg P.
Buying Owner Occupant HUD homes as a Investor/Flipper
Hello, I came across something concerning. I've done some research and noticed a rehabber buying homes on HUD as a owner occupant but then a couple months later, flipping it to a end buyer. I'm not a tattle tale, bu...
Misael Carlos Vera
I got pre-approved for an owner occupant loan!
As the title says, I was pre-approved for an owner occupant loan in Chambersburg, PA! I plan to house hack so I am now looking for four unit multifamily properties. I'm really excited and just wanted to say thank you ...
Jordan Workman
How strict is the owner occupancy for multi-family?
I am interested in house-hacking a duplex on 2 acres, but instead of living in the unit, I want to rent out both sides and continue living in our RV. Is this even possible or do I actually have to live in one side? Im...
Tom Bryan
advice on refiing HI condos with low owner occupancy
I have Hawaiian condo which is a short term rental and the owner occupancy rate is less than 30%. I have been told that the low owner occupancy rate makes it not possible to get a good interest rate. Does anyone kno...
Robert Hall
Multi Family, Owner Occupant, and Taxes: Who owns it?
I'm currently looking into an owner occupied multi-family deal for my first purchase, which is very daunting to say the least.I'm doing my best to do all my due diligence - value cashflow based on local rentals,figuri...
Jacob Hollen
Selling owner occupant Fannie Mae property before 1 year
Hi i had bought a Fannie Mae homepath (owner occ.) property with the intention of BRRRR’ing it and ended up getting a lucrative job offer on the other side of the country and it would be more convenient to just sell i...
Jin Zhang
Consequences of violating the owner occupancy rule for ADU?
Hi everyone, I found many information about illegal ADU. But What are the consequences of violating the owner occupancy rule for ADU built before 2020? Has anyone heard anything? Are there a lot of lawsuits against it...
Gary C.
Evicting occupant from REO property purchased at online Auction
CASH FOR KEYSIn a scenario where a property is being auctioned online & occupied by a former owner/current occupant with two small kids…what is the best way to get that occupant out of that property as quickly as ...