How many owner-occupied homes can you buy?
Hi all,
I'm new to BP and recently purchased an owner-occupied home. It is my understanding that I have to live in the house for one year before I can rent out the whole house. My question then is:
After the year is up, can I go and buy another owner-occupied home for a low down-payment? If so, how many times can I do that before I absolutely have to use a rental property loan? Has anyone done this and how did it workout? And are there any downsides to this?
I have found some older posts about this but kind of general, would be great if anything with first-hand experience could share.
Thank you for the help!
Juan