My 1 year FHA restriction is almost up... now what?

[Darius Wade]

I acquired my first property in Feb of 2023. It was purchased as a buy and hold with a 3.5% down FHA. My one year primary occupancy term is almost up and I am trying to determine what the next move should be. I've been hit by the HGTV flipping bug. So now I'm unsure. The initial plan was to buy another buy and hold and rent out my current residence. However, I'm curious if acquiring a house to flip would be smarter and look to 1031 those proceeds into my next buy and hold property instead of the low down house hack strategy. Just curious to see what the BP community thinks could be a good option.

[Michael Behr]

Flipping can be a way to gain capital. However buy and hold will be better for the long run. Since you have one room rented why not rent the other as well. Then you could house hack your next property. This will keep more capital in your pocket