Owner Occupied Requirement

[Aaron Murphy]

Hello,

I am interested in the House Hacking Strategy where you buy a home-- rent it out while living there and then transition to another property using the fact that you are moving into the new property as a primary dwelling to continually minimize the amount of cash that is required for down payment.

I have purchased one house already and am starting to analyze the market for the next property.

How long do I have to stay in the first home if I financed with an FHA loan before moving to the next to satisfy the requirement that I bought it as a primary residence?

I have read 1 year-- I have read 6 months. If it is not a hard and fast rule-- where is the best place for me to find the specific requirement for my area?