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Updated almost 6 years ago,
Experience with a FHA 203(k) Loan
So I'm scourning to find my first deal. I found a duplex which after I run the numbers it seems ideal for a house hack for the first year or so. I plan to live in one unit as I rehab the other and then proceed to rehab my "live in" unit. Is there a time limit in which I no longer have to list the property as my primary residence or am Im locked in for the life of the loan. Before I contact the lenders and ask them, what are your experiences?