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Updated over 3 years ago,
Scaling house hacking
So I recently bought my first house hack: townhouse rent by room .
My goal is to buy a new one every year with a FHA loan refinancing into a conventional then reusing the FHA loan for the new property taking my roommates with me to each property while turning the previous one into a full time rental .
I can save the down payment each year easily.
I guess my question is what kind of criteria is demanded by mortgage companies to allow me to do this ? And is there anything else I should know before trying to scale up in this way ?