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First-Time Home Buyer

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Alex Ballesteros
  • New to Real Estate
  • Los Angeles, CA
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When can you move from house - FHA Loan

Alex Ballesteros
  • New to Real Estate
  • Los Angeles, CA
Posted Jul 20 2022, 22:14

If i buy my first house with an FHA loan, how long do i have to live there before buying my 2nd investment property?

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Brock Dowis
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  • Investor
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Brock Dowis
Pro Member
  • Investor
Replied Jul 21 2022, 03:18

1yr

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Nick Riccio
  • Lender
  • Boston, MA
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Nick Riccio
  • Lender
  • Boston, MA
Replied Jul 21 2022, 10:09

@Alex Ballesteros 12 month requirement to occupy the property.

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Dave Skow
  • Lender
  • Seattle, WA
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Dave Skow
  • Lender
  • Seattle, WA
Replied Jul 25 2022, 14:38

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

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Charles Renn
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  • Real Estate Agent
  • Los Angeles, CA
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Charles Renn
Pro Member
  • Real Estate Agent
  • Los Angeles, CA
Replied Aug 2 2022, 09:39

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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