Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Dan Foster
  • Cortland, NY
0
Votes |
1
Posts

Whats the deal with house hacking?

Dan Foster
  • Cortland, NY
Posted

Hello,

I've been lucky enough to have already purchased my first 3 unit home using FHA. I chose to live in it and rent out the other rooms in my apartment as well as rent out the other 2 units. I've never been late on a payment yet so I'm in a good position.

I now want to go ahead and do the same thing all over again. The problem is, I remember getting the mortgage the first time and them saying I had to stay and live in the first home for a few years. Is there a general rule for FHA loans on when I can or cannot move out and get a second FHA loan and move into the next house?

Is this a question best asked to my lender at this point in the process and they can tell me the terms and conditions?

Thank you!

Loading replies...