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Updated over 8 years ago,
Next Step After House Hacking
I just bought a duplex and am currently getting it rent ready (was a gut rehab with no utilities/shelving/etc.) to house hack. My goal is to replace my income ASAP. What should my next step be? I bought with 5% down conventional. Is there a limit on how long I have to live here or can I owner occupy another multifamily with 3-5% down conventional as soon as I have the down payment and a deal?
Seems to me that owner occupying another unit is the best step. We love this place though and would like to stay for a bit. Is there an equally quick way to acquire a pure investment property (no turnkeys)?