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Updated almost 3 years ago,
house hack while owning primary residence
Hi, fairly new to bigger pockets. I'm looking to invest in multifamily property either side by side apt. or property with separate dwelings. spoke to a couple of lenders & both are telling me that they recommend I sell my current home 1st if I plan on househacking on another property. Im being told it may be difficult to get an approval on a loan & use it as a primary residence if I have already have a primary residence. I would much rather just rent my home and purchase elsewhere. any recommendations? thanks in advance for any input.