Moving out of state trying to buy duplex to house hack

[Jeff Jansen]

Long story short,. We are a family of four looking to relocate to the Austin Texas area from Michigan. Ideally I would like to house hack a duplex for the first year or two then hold as an investment. How do I go about getting a conventional or FHA loan without having any work history at the time of the move? (since I'll be staying a new job at the same time). Is this going to be an issue with bank funding? Any tips or experience with this?

[Steve Rozenberg]

For your first one you may want to look into some form of equity position or possibly an owner financed scenario till you get situated down there. I know a few people that do this and for the right reasons (possibly yours) it can make sense to atleast look at it as an option