Updated over 1 year ago on . Most recent reply
House hacking setup: Refi current primary and split occupancy
Goal here is to use the VA's 0% down on a multiplex and rent out the unit I'm living in after 12m.
The mental gymnastics I'm going through is how exactly that would work without committing fraud.
Can I refinance my primary residence 30yr conventional loan into an investment loan of some type and have my wife & kids live there while I live in a seperate primary residence (multifamily) to satisfy the 12m occupancy of VA loans?
Is there a defined definintion of occupany that mandates a set amount of days per month that I must sleep under the roof of my primary residence? I ask because it appears I can make this work by rotating occupancy throughout the 12m between my old primary (now refi'd to an investment property) and the new primary.