Can I Do This??

[Andrea Evans]

I've owned my primary home in Charlotte, NC, for seven years using an FHA loan this June. I want to use the new 5% conventional on a four-plex unit-to-house hack (MTR strategy) in Cincinnati, OH. Can I utilize this strategy if I rent out my current primary in Charlotte and move to Cincinnati to invest in real estate? My current savings pot is low; I believe this will enable me to accelerate my savings goal as the barrier to entry is significantly lower. In addition, my W-2 job is entirely remote. I would only be in Cincinnati for that entire calendar year and then return to Charlotte to my primary home.

[James Wise]

Quote from @Andrea Evans:

I've owned my primary home in Charlotte, NC, for seven years using an FHA loan this June. I want to use the new 5% conventional on a four-plex unit-to-house hack (MTR strategy) in Cincinnati, OH. Can I utilize this strategy if I rent out my current primary in Charlotte and move to Cincinnati to invest in real estate? My current savings pot is low; I believe this will enable me to accelerate my savings goal as the barrier to entry is significantly lower. In addition, my W-2 job is entirely remote. I would only be in Cincinnati for that entire calendar year and then return to Charlotte to my primary home.

 Yes you can do this so long as you move into the Cinci 4plex for a year.