Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
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

Updated about 6 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Julian Riezgo
0
Votes |
7
Posts

Moving to another House Hack

Julian Riezgo
Posted

I heard on a YouTube video that in order for you to move out of your 1st house hack after you've lived in it for a year, you need to have 25% equity in the house for you to move on to another house hack. Is this true? Or could you just refinance the FHA loan to a conventional 5% down loan after you live in the first house hack the first year?

I feel like just refinancing a year after purchasing the first house hack would let you move on to another house hack faster than waiting to pay off 25% of the mortgage.

I might be completely wrong but any help would be super helpful

Loading replies...