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Updated about 6 years ago on . Most recent reply

User Stats

29
Posts
7
Votes
Oscar Martins
  • Rehabber
  • Syracuse, NY
7
Votes |
29
Posts

Owner-occupied and the township

Oscar Martins
  • Rehabber
  • Syracuse, NY
Posted

I have been purchasing houses in cash for the last fifteen years in the same town. I purchase the property, pull all permits in my name and as owner-occupied. You can't do any of the work unless you are going to reside there. Some houses I live in for one year, others three to four. When I apply for a C of O to sell the house, the inspector always asks me why am I moving. The town never specifically states how long I have to live there for. It seems like flipping is frowned upon in the town which I don't really understand while there are foreclosures falling apart and reducing the value of the next door neighbors home. I know for HUD, you must live there for twelve months. How should I go about getting this information since the town won't tell me.

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