If I purchase a 2-4 unit home & choose to live in one unit & rent the others, would I be considered an owner occupant or investor?

Asked by Kim Marshall, Montgomery, AL Tue Nov 13, 2012

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Keith & Kins…, Agent, Verona, WI
Wed Nov 14, 2012
Yes, if you live in one unit and rent out the rest, you are considered an owner occupant. This get's you a great deal on a loan in comparison to investors! This is the way I started in real estate. We've also worked with two buyers recently that did this (linked below is the story of one). It's a great time to buy income property! Go for it.
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Keith Daniels, Agent, Montgomery, AL
Tue Nov 13, 2012
Yes you would! Whether you plan on using a VA Mortgage, FHA or some form of Conventional, you would be considered an Owner Occupant. A GREAT way to control Interest Rates & Down Payment required. GO GET EM!!
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