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Updated over 7 years ago on . Most recent reply

Eric L.'s profile image
Eric L.'s profile image
Eric L.
  • Rental Property Investor
  • from Clarksville, TN
  • Member since Aug 24, 2014
  • Posts 85
  • Votes 37
  • Experience 12 Yrs
  • Investments 6
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85
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Eric L.'s profile image
Eric L.'s profile image
Eric L.
  • Rental Property Investor
  • from Clarksville, TN
  • Member since Aug 24, 2014
  • Posts 85
  • Votes 37
  • Experience 12 Yrs
  • Investments 6
Connect
Eric L.
  • Rental Property Investor
  • Clarksville, TN
37
Votes |
85
Posts
General Real Estate Investing

FHA/VA "stay in it a year" clause question

Eric L.
  • Rental Property Investor
  • Clarksville, TN
Posted

I understand signing the FHA/VA loan means you intend to occupy for a certain amount of time. Wondering what that amount of time is... 6 months? or 1 year? Also, being a Soldier, I will be deployed for a bit of that 1st year. I bought a multifamily, does that mean I must keep 1 unit open to finish my year while I'm deployed?

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Mark H.'s profile image
Mark H.'s profile image
Mark H.
  • from Richmond, Virginia
  • Member since Nov 23, 2016
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Mark H.'s profile image
Mark H.'s profile image
Mark H.
  • from Richmond, Virginia
  • Member since Nov 23, 2016
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Mark H.
  • Richmond, VA
129
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215
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Mark H.
  • Richmond, VA
Replied
I would think that as long as you actually moved into the unit and your stuff was still there and your mail was still going there while you were deployed that you should be fine.
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