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John Cushing
  • Investor
  • Patchogue, NY
11
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69
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Fanny Mae homepath house

John Cushing
  • Investor
  • Patchogue, NY
Posted Jun 26 2017, 16:02
I've been searching the mls for a deal for me to house hack. I came across this fanny Mae house listed as a single family but I knew the people who used to rent there. I knew the house had an apartment in the basement. Everything about this basement apartment seems to be up to code, but I guess the previous owner didn't get any permits. My realtor told me that in the documents that fanny Mae has the buyer sign says I cannot rent out any of the house due to it being a sfr or there's a 10k fine. Can anyone point me in a direction that will make this work for me? I do plan on living in it and renting out the basement apartment.

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