I am trying to figure out how to determine the percentage of owner occupied homes and the percentage of tenant homes in a particular subdivision. Does anyone know of a way to do that?
I'm purchasing a triplex which currently has tenants in all the units. I need to apply for a mortgage loan. I plan on living in one of the units, but what happens if I cant evicted in time of the closing? Do I need t...
Hello Team BP!I'm looking for insurance guidance. I recently moved from a duplex where I was house hacking in Maine to Idaho. I kept the duplex and it is currently being managed by a PM. When I had the insurance polic...
Hi All,I'm wondering if anyone has dealt with owner-occupied loans on tenant occupied properties? How does this work? I understand you have to honor a lease agreement when you purchase a property, but does this also m...
I'm working with a seller of a note who is selling a note on a SFR in N. Carolina. He sold the home and carried paper to an investor who bought it for a rental. We are looking to buy the note but the seller just infor...
I can provide as many details as needed to get well rounded feedback.
In love with a house in my area that's a fully occupied 3 family, the numbers look great. Since I'm going the way of FHA financing I'm thinking i...
Hello! We are no longer occupying our house starting June 1. Do we cancel homeowners insurance and start rental property insurance? I don't want to ask the insurance company first incase it flags something wrong. Plea...
I am currently in the process of valuing a foreclosed property for a potential flip/rental and have come across a potential setback. It is being sold on auction.com and I almost went and knocked on the door because I ...
Hello All,
I am relatively new to this so bare with me.
I recently found a multifamily property listed on an MLS at around $25k, it doesn't look too bad from the outside from what i can see (although that inst saying...