When can you move from house - FHA Loan
If i buy my first house with an FHA loan, how long do i have to live there before buying my 2nd investment property?
@Alex Ballesteros 12 month requirement to occupy the property.
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1 yr
fyi - if buying the 2nd home and using a FHA loan - you will need to refinance the 1st loan into a conventional loan ..... or you can use a conventional loan to buy the 2nd home
Hey @Alex Ballesteros,
You have your answer already in the previous threads. I also recommend thinking about how you will finance your 2nd property since with an FHA loan, you'll be putting down a very small down payment. In 1 year you likely won't have enough equity to "cash out" for the down payment on the next property. Hope this helps!
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