Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

23
Posts
4
Votes
Amy Xu
  • Rental Property Investor
  • Stafford, VA
4
Votes |
23
Posts

House Hack...cut short

Amy Xu
  • Rental Property Investor
  • Stafford, VA
Posted

I bought a duplex using an FHA loan which I am now living in one unit while renting the other out. Not even 3 months into living in my first home, my work decides to relocate me. Since the relocation is over 100 miles from where I work now, this is okay by FHA standards to sell the home before one year. Problem is I don't want to sell the home. My original plan was to live in the home for 1 or 2 years and refinance to a conventional loan so I could use FHA on the next home and keep the duplex as a rental. What options do I have without having to sell? Can I keep the duplex and just rent a place near my new work location until I have enough down payment for another home? Or can I refinance the home now? I was at 13% equity at purchase and did make some minor home improvements but not sure if it's wise to refinance now?

Any advice is appreciated!

Loading replies...