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Updated over 1 year ago,
Moving out of owner occupied home early
Hello,
I purchased my first house hack September 1, 2022 and moved in immediately (day of closing) with an FHA owner occupied loan. I understand the requirement of needing to live in the home for a year before being able to fully rent out. I will be doing that, however my question is directed towards when can I close on my second house hack? I am beginning the house search process for property #2 and am wondering, is the earliest I can close September 1, 2023 (exactly 1 year later of initial closing/move-in date) or can I close any sooner? The reason I am looking to ideally close sooner is to start slowly moving in the new house while still maintaining my current property as my primary until 9/1/23. I am talking a matter of closing August 1 at the earliest as I do not want to be paying two mortgages at once.
Thank you in advance for any feedback or advice.