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House hacking with FHA
Hi everyone, been trying to determine a way to get into buying a multi family ASAP but with low funds and no track record to reach out for OPM ect. Trying to house hack with a low 3.5% down with an FHA loan seems like the move to
A) get started
B) begin building credibility
BUT, when taking out an FHA loan you need to reside there. I've "heard" you could live there for a year and then go some where else however you can't pull out another FHA loan with the exception of moving somewhere to work or having an increase in family size.
Any advice on what a good way to start is with no real capital to your name (to BRRRR) and no credibility to raise money?
Thanks Guys!