Re: HUD homes-investor buying as o/o - Landlord Forum thread 325112

Re: HUD homes-investor buying as o/o by Dave ((Michigan)) on October 1, 2014 @08:35

I have done this a few times. But I did make it my residence. I bought a house, fixed it up, moved in for 6 months to a year then bought another house. My lender told me as long as you are purchasing it to move into it you can buy as owner occupied, even if you only live there a short time.

If you plan just to buy as owner occupied but never live there you can get in severe trouble. Unless you are currently renting somewhere. If you have no other primary residence I've seen it work out. But I'm no lawyer and you are taking a risk.

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