FHA/PML house hack to conventional?
Hello everybody,
So I had a quick question for my BRRRR people.
Has anybody ever bought a triplex or similar using FHA loan/PML to buy a property, rehab, than refi?
I know this is the typical strategy with a FHA loan, but I wanted to know if anybody ever did this with a PML?
The other question I had is, if I refi to a conventional loan after getting an FHA loan and making repairs to the property to improve it, the rules of having to stay in the property for 1+ years don't apply anymore correct?
Thank you for your help!