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Updated over 7 years ago,
House Hacking a 4-Plex
Good Day BP!
So I have a goal of house hacking a 4-Plex. The only problem I have a conventional loan on my current residence and I want to keep it. However, my justification is based on my work. I work out of town and have nights during the week where I need to sleep near work. I figure instead of renting I should just wait to find a good deal on a 4-plex and occupy 1 of the units. So basically I am looking to buy a 4-plex and use one of the units during the week. My question is how will a mortgage broker or lender look at this? Looking forward to responses.
BTW if you are a mortgage broker/lender who has done this before please let me know. If there are other forum posts about this already please give me the link thanks!