Asked by Carl, Chicago, IL • Tue Jun 24, 2008
i know that the 203(k) loan can be used by an owner-occupier to make a single family home out of a multi-family unit; but what if the potential owner wants to leave the building multi-family, but then live in one of the units and either sell or rent the others. can the owner still get the benefit of the 203(k) loan, or is the owner then considered an "investor" and not eligible for the 203(k)?
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