Starting Out

User Stats

9
Posts
3
Votes
James Seed
  • Cleveland
3
Votes |
9
Posts

House Hack Question

James Seed
  • Cleveland
Posted Oct 3 2019, 07:07

I bought a SFH at the beginning of this year with a conventional 5% down loan. I have to stay in it for 12 months.

I'd like to move into a duplex or triplex instead to keep my personal space and keep the SFH as soon as possible or by the end of next year.

Would I be able get another conventional loan where I'd be able to stay in the duplex/triplex and keep my SFH to rent.

Would I have to replace the conventional loan to qualify for another conventional owner-occupied?

I would be grateful for any advice on the transition.

Loading replies...