How open to be about house hacking?

[Christian Fletcher]

Looking to purchase my first investment property here soon and I want to talk to a lender about different loans, the types of terms with those loans etc. My plan is to either get a house with a USDA loan or find one with a FHA loan that I could put some sweat equity into. With either one I plan on moving out within a year and doing the same process. When speaking with a lender should I be open about the wanting to move out after a year and converting it into a rental?

[Ken Nyczaj]

@Christian Fletcher If the rule allows you to move out after a year, I don't see it being a big deal whether you tell the lender or not. I just wasn't sure if it's one year or two years. Either way, the lender if they hold the note is getting paid... hopefully... whether you live there or not. Them helping you earn income and move to a new property to start all over may incentivize them to help you more.