New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
USDA Rental and FHA Primary House Hack
My wife and I bought our first home with a $0 money down USDA Loan. This July will be our 1-year anniversary of living in our home. Is it possible after July to buy a duplex or triplex, as our new "primary residence", to then house hack with an FHA loan and only have to put down 3.5%? We would then rent out our house that has the USDA Loan. Is this legal and/or possible?
Your feedback is greatly appreciated!
Thank you,