The live-in-then-rent strategy uses owner-occupant financing to acquire a property as a primary residence, live in it for the required period, then move out and convert it to a rental rather than selling.
Log in to followI want income that doesn't turn into a second job, and this strategy looks like the version of that I can actually qualify for. What I can't settle is the pace. The fast version:…
First house is bought and I'm living in it, so the next decision is a year out but I want to understand it now. To buy rung two I need a down payment. Two ways I see people get it…
I ran two owner-occupant structures against the same $340k house, three bed, 1990s, in a submarket where it rents for about $2,450 today. Quotes I was given last month, and rates…
I'm at month 11 in the current house and there are two orders I can do the next steps in, and lenders have told me different things about which one helps. Order A. Find a tenant,…
My first purchase is close, and I've started mapping where rungs two and three would come from. Two ways to plan it and they lead to completely different portfolios. Tight radius.…
I'm one saved-up down payment away from starting this, and the first real fork is what kind of house to buy. Everything I've read says the whole point is that I get owner-occupant…
I'm three rungs in and the qualification problem is now bigger than the deal problem. The first two houses are on owner-occupant loans at rates I will never see again. Third one c…