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Updated over 4 years ago,
Moving to another House Hack
I heard on a YouTube video that in order for you to move out of your 1st house hack after you've lived in it for a year, you need to have 25% equity in the house for you to move on to another house hack. Is this true? Or could you just refinance the FHA loan to a conventional 5% down loan after you live in the first house hack the first year?
I feel like just refinancing a year after purchasing the first house hack would let you move on to another house hack faster than waiting to pay off 25% of the mortgage.
I might be completely wrong but any help would be super helpful