Updated over 6 years ago on . Most recent reply
FHA House Hack while trying to refinance cash buy
Under Contract with 3.5% FHA loan on 3 family. I intend to buy a fixer-upper cash (just after closing on 3 family) thru an LLC and rehab it. Then cash out property leaving 20%-25% equity with conventional mortgage in my name not LLC. Is this possible while honoring the 1 year owner occupy period/FHA loan or would I have to wait until after the year? Will lender even consider it?