Using Conventional Loan Buying House For Family Member

[David G Vreeland]

Anyone had experience house hacking using family members?  I recently bought a property using a conventional loan we are living in, but am looking to buy another house for my sibling to live in for a year then turn it into a rental property.  I know if you buy a house for your parents you can still take out a conventional loan but am not sure about buying a house for a sibling to live in.  Anyone have any experience with this?