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Updated about 4 years ago on . Most recent reply

User Stats

4
Posts
1
Votes
Kierra Wesmoreland
  • Rental Property Investor
  • Columbus, OH
1
Votes |
4
Posts

Househack refinance - primary or inv?

Kierra Wesmoreland
  • Rental Property Investor
  • Columbus, OH
Posted

Hello everyone!

I've been focusing my strategy a lot on househacking. Typically investors househack year to year starting initially with an FHA loan and then refinancing into a conventional loan. When it comes time to refinance into a conventional loan, do most investors list that house as a primary residence and essentially reset their 1 year clock to stay in that househack?

How then are they able to move out about 6 months later into their next househack and are able to househack year to year? Can someone explain this to me? Thanks in advance!

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