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Updated over 5 years ago,

User Stats

23
Posts
2
Votes
Alec Fenner
Pro Member
  • Rental Property Investor
  • Cincinnati, OH
2
Votes |
23
Posts

Shorten the 1 year rule for house hacking

Alec Fenner
Pro Member
  • Rental Property Investor
  • Cincinnati, OH
Posted

So I plan to house hack as many properties as possible in the shortest amount of time, but to get owner occupied financing you must live in the property for 1 year. My question, are their shortcuts or loopholes to this?

Like how it will take my 30 day to close on a house, and I have 60 day to move in after closing, can I begin closing on my 2nd property 9 months into the current house hack or will the lenders not approve me for another owner occupied loan until after the 1 year is up.

Any other advice would also be great appreciated, thank you!

  • Alec Fenner
  • Loading replies...