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Updated over 1 year ago on . Most recent reply

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Marvin Bracamonte
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First Multi family home

Posted

On A first house hack, owner occupied, do you have to change the address on your driver licence living there for a year? And, is it ok to stay over my parents home during the weekday because of my job that's 3 miles away instead of being 40+miles away

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Mohammed Rahman
  • Real Estate Broker
  • New York, NY
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Mohammed Rahman
  • Real Estate Broker
  • New York, NY
Replied

Hey @Marvin Bracamonte - pretty much depends on you, the amount of $ you have, as well as the numbers on the next property. 

If you plan on going on a shopping spree - look into DSCR loans.

Are you buying in & around NYC? If so then let me know, happy to put you in touch with my local lenders that can give you a gut check on your numbers. 

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