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Updated over 4 years ago,
House Hacking with FHA Loans
Hi BP!
My fiance and I are looking to do a house hack in CA. We are fairly new to real estate investing and are absolutely diving head first into educating ourselves. When looking into house hacking, the FHA loan popped up and attracted us right off the bat. After researching some more, we had a question as to what exactly is required or meant by the borrower having to live on the primary residence. For example, if we were to buy a duplex with a large lot of property, would we be able to construct a "tiny home" or even for this matter buy a RV and live in the backyard of the lot? OR is the borrower required to live in one of the duplex units?
My understanding is the that the former example would be permissible, but we just wanted to throw it on here and hear from the communities experiences. Thank you!