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Updated about 7 years ago on . Most recent reply

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72
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6
Votes
Josh Thompson
  • Rahway, NJ
6
Votes |
72
Posts

Buying a single family property with tenants renting rooms

Josh Thompson
  • Rahway, NJ
Posted
So I’m ready to submit an offer on a single family home using a 3% down loan. The issue is that there are currently 4 tenants renting bedrooms individually. I’m not sure if this is legal but my agent is telling me that 3 tenants would like to stay. How could I make this work since I’m using an owner occupied loan?

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