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Old 05-26-2018, 04:35 PM
kingofants kingofants is offline
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Default If you buy a 2-unit house using FHA, how do they enforce that you live in one of the

If you buy a 2-unit house using FHA, how do they enforce that you live in one of the units?
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Old 05-26-2018, 05:19 PM
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Please stop asking us to facilitate your breaking the law.
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Old 05-26-2018, 09:59 PM
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If you buy a one-unit house and take advantage of laws that benefit owner-occupier, how do they enforce it? My guess is that they mostly don't, unless you happen to draw attention to yourself. There are lots of rules that are more expensive to enforce than the amount of cheating warrants.

But why would you care? Are you planning to cheat the government this way?
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Old 05-26-2018, 10:57 PM
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They send the secret police to do a stakeout from across the street to see whether you actually live there or not.
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Old 05-27-2018, 06:56 AM
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They just wait until one of your tenants records you admitting that you broke the law.
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Old 05-27-2018, 07:43 AM
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They send the secret police to do a stakeout from across the street to see whether you actually live there or not.
Sounds like a good show for HGTV.
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Old 05-27-2018, 10:02 AM
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To me this falls in the same realm as cheating on your taxes. Just do the right thing and donít do it.
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Old 05-27-2018, 10:25 AM
kingofants kingofants is offline
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Originally Posted by PeppermintPatty View Post
If you buy a one-unit house and take advantage of laws that benefit owner-occupier, how do they enforce it? My guess is that they mostly don't, unless you happen to draw attention to yourself. There are lots of rules that are more expensive to enforce than the amount of cheating warrants.

But why would you care? Are you planning to cheat the government this way?
It's just that the current unit that I want to occupy is under contract until 2019. I could live in the other unit, but that other unit is the cash cow that would pay off my mortgage, so that is the unit that I want to rent out.

So i am just thinking if there is a way for me to just rent out both units until the contract expires on the first unit.
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Old 05-27-2018, 10:48 AM
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Why not just live in the "Cash cow" unit for a couple of months? You will find that it's far easier to maintain a dwelling if you live there than if you don't. And how cash-cow-y is a unit that's not currently rented out, anyway? Maybe you are over-estimating what you can get for it.
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Old 05-27-2018, 11:06 AM
kingofants kingofants is offline
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Why not just live in the "Cash cow" unit for a couple of months? You will find that it's far easier to maintain a dwelling if you live there than if you don't. And how cash-cow-y is a unit that's not currently rented out, anyway? Maybe you are over-estimating what you can get for it.
Well the first unit is 2 bed 1 bath on the first floor, and it's currently rented for 1000/month.

The upper unit is 3 bed 1 bath, duplex, has a balcony, and currently owner occupied. Based on that and the pictures, it is well maintained.

So I am thinking it will go for at least 1750/month for a nice young family.

And it is only May. We still have ways to go until 2019. And it does not specify the month when the contract will expire, so maybe it isn't January.
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