Non-owner occupied is a classification used in mortgage origination, risk-based pricing, and housing statistics for one to four-unit investment properties. The owner does not occupy the property. The term non-owner occupied is not typically used for multi-family rental properties, such as apartment buildings.
Non-owner occupied is a classification used in mortgage origination, risk-based pricing, and housing statistics for one to four-unit investment properties. The owner does not occupy the property. The term non-owner occupied is not typically used for multi-family rental properties, such as apartment buildings.
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JC Smith Unlimited
Business Consultant
Your Money Hero $$$
For Speaking Inquires call 704-275-8778
Are you thinking about buying Single Family Investment Property?
What are the pros and cons? I had 17 Single-Family Rental Properties (SFR) at once and getting those calls that toilets were backed up or the air conditioning wasn't working was so painful and EXPENSIVE.
Here is a great article about the PROS & CONS of SFR
Make sure you read those CONS!
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Let's think outside the box! What if... you looked at COMMERCIAL Investment Real Estate?
My FAVORITE Reason to Buy Commercial Real Estate is...
TRIPLE NET LEASES.... OH MY!!! 💛💛💛
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What Is a Triple Net Lease (NNN)?
A triple net lease (triple-Net or NNN) is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property including real estate taxes, building insurance, and maintenance. These payments are in addition to the fees for rent and utilities, and all payments are typically the responsibility of the landlord in the absence of a triple, double, or single net lease.
What Is “Commercial Property?”
Commercial properties are often thought of as...
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office buildings
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retail buildings and/or strip malls
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warehouses
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apartment buildings
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industrial buildings
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“mixed use” buildings, these are properties where the property may have a mix, such as retail, office and apartments.
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Here is a great article on the Pros and Cons of Commercial Real Estate
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