John Guion
Purchasing a duplex with existing tenant lease
I recently purchased my first duplex that i will be occupying and renting out. The property currently has tenants in the top level of the up and down duplex with a lease expiring later this year. I plan to occupy the ...
Hugo Garcia
Question about FHA loan
Hi everyone,I have a question about FHA loan, can you get two FHA loans at the same time if you are living in both places at the same time, meaning back and forth, or can you online get one at a time and live in that ...
Tessa Burks
Can I live in a flip?
Hi again! If I were to rent out my house, can I purchase a flip and live in it during the rehab? Then eventually move back into my house and have the house that I flipped become my first rental?
Bennett C.
Income-producing multifamily in Biddeford by 1st-time investor
Investment Info:Small multi-family (2-4 units) buy & hold investment.
Purchase price: $295,000 Cash invested: $20,0002 adjacent buildings (Single-family & Duplex). The single-family has 4 bedrooms, 1.5...
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...
Tom Rairdon
Buying first Property Questions about Owner Renovations
I am under contract on a 4 plex that had a owner occupied unit. He has renovated 3 of the 4 units with the last one about half finished. Should I be worried about the owner (who is a contractor/construction guy) doi...
Asher Anthes
Rehab loans for investment properties besides HomePath?
So, I know about the home path renovation loan 10% down for investors. Obviously this is limited to only certain properties. Are there other conventional financing options for financing properties that need repairs?...
Jon Loca
Poor Inspection
Hello BP,
I recently purchased a duplex as an owner occupier. On my first night at the duplex I took a shower, probably 10 mins, and my kitchen was flooded (my bathroom is right above my kitchen). It was a significa...
William Harris
I’m refinancing my primary residence, can I rent immediately?
Good evening,
I’m currently in the process of refinancing my home as primary residence in Maryland ( closing Is weeks away). My goal after closing is to immediately file taxes and file my home as a rental property. ...
Alex Pino
Does owner finance affect conventional lending options?
Say I I owner finance a property, would I still be able to use my VA Loan or FHA loan for another property? or will lenders consider it debt? Will they say I am not a first time home buyer?