USDA Rental and FHA Primary House Hack
1 Reply
Hunter Keith
posted 10 days ago
My wife and I bought our first home with a $0 money down USDA Loan. This July will be our 1-year anniversary of living in our home. Is it possible after July to buy a duplex or triplex, as our new "primary residence", to then house hack with an FHA loan and only have to put down 3.5%? We would then rent out our house that has the USDA Loan. Is this legal and/or possible?
Your feedback is greatly appreciated!
Thank you,
Dmitriy Fomichenko
Solo 401k Expert from Anaheim Hills, CA
replied 8 days ago
Hey @Hunter Keith , it’s good to see you here on BP!
Read Beginner’s Guide to help you get started: http://www.biggerpockets.com/real-estate-investing
Lots of luck.
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