I own a house now where I live and I am interested in a triplex for sale that has renters in one unit, which would cover my mortgage and some. Is it possible to buy the home and make one of the units my primary residence even if I don’t live in it so I don’t have to put 20% down and then rent the other two out for now?

@Chad Hoober owner occupied means you have to live in it for a year. The odds you would not be caught, but do you want to risk it, if they decide to make an example of you. Federal offense up to 30 years in prison and $1,000,000 fine. Rent your house and move in for a year.

@Chad Hoober

No, it is not okay or legal to commit mortgage fraud.

@Tim Herman

Appreciate the response and info. Thank you!

@Michael Craig

Appreciate the response and thank you!