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!
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.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you