All Forum Posts by: Nerton Saintfort

@Nerton Saintfort All depend on their guidelines. This could be from 2 years-5 years.

@Nerton Saintfort This is the best way to run a House Hack deal. House hacking is where you buy a 2-4 unit property and live in one unit while renting the others. You should get a nice cash flow if you are able to get any new home/FHA/VA financing. Then you are able to move out 2 years later and rent the unit you were living in or sell the place and use your primary residence tax credit to get $250k/$500k tax free along with a 1031 exchange. There are some certain limits with the tax credit when you rent out the other half but it will still work great. Hope this helps.

@Nerton This is  true you have to live in that property for certain time as per their guidelines.