Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

14
Posts
0
Votes
Kenneth Ryan
  • New to Real Estate
  • Los Angeles, CA
0
Votes |
14
Posts

Owner move-in eviction during COVID

Kenneth Ryan
  • New to Real Estate
  • Los Angeles, CA
Posted

I am in the process of purchasing a triplex in Los Angeles that is fully occupied. I intend on financing through an owner-occupied loan and thus must abide by the owner-occupied restriction. From my understanding, there is an eviction moratorium currently in place in California and with the incoming Biden administration I anticipate this will be further upheld and/or extended.

A few questions regarding this edge-case scenario:

1) When the deal closes, I would need to occupy one of the units. The eviction moratorium currently does not allow me to execute an owner move-in eviction. It appears that my lender will still finance the deal, what do I do?

2) Is this an 'edge-case' scenario of sorts that would allow me to get around the owner-occupied restriction, at least temporarily? (note: I am not asking for ways to skirt this restriction, rather I am trying to understand my options)

3) Should I contact a lawyer before this deal closes?

    Loading replies...