All Forum Posts by: James Lapierre

Hi Axel, I think the goal for my first property would be to live for free for a year or two while gaining capital, and make sure it meets the 1%-2% rule once I move out, therefor calculate as if I wasn’t living in it at all? I’m trying to avoid Nashua but have viewed some in Manchester. Target area is definitely on southern Nh border.

Hi BP community!

Brand new here, been searching for my first property. I've been looking at duplexes (or more) to owner occupy. I was pre-approved for 350k conventional or FHA. I've been trying to find deals that will benefit me 3-4 years down the road when I move out and rent both units, here's my question: is there an equivalent to the 1% rule when owner occupying?

I'm looking at this duplex with MLS list price 330k which I think is way too much, it was listed at 249k a couple years ago. 2BR 2B units, Rents about 1800. I'm stuck finding a simple equation for owner occupying, what did you do for your first duplex if you lived in one half first? How did you know it was a good deal? sorry for the newbie question!

Hi BP community! Brand new here, been searching for my first property. I’ve been looking at duplexes (or more) to owner occupy. I was pre-approved for 350k conventional or FHA. I’ve been trying to find deals that will benefit me 3-4 years down the road when I move out and rent both units, here’s my question: is there an equivalent to the 1% rule when owner occupying? I’m looking at this duplex with MLS list price 330k which I think is way too much, it was listed at 249k a couple years ago. 2BR 2B units, Rents about 1800. I’m stuck finding a simple equation for owner occupying, what did you do for your first duplex if you lived in one half first? How did you know it was a good deal? sorry for the newbie question!