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Updated 3 months ago on . Most recent reply

User Stats

24
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Vince Nguyen
16
Votes |
24
Posts

House hacking with a primary home

Vince Nguyen
Posted

Good morning BP. I have a question on house hacking.  I currently have a single family home as my primary and two investment properties. One sfh and one duplex.  I want to purchase a triplex that I saw for sale.  Would I be able to purchase that if I tell the lender I have the intent to live in there and be able to put down 5% and if so what do I need to tell them about the current primary. TIA

Vince

  • Vince Nguyen
  • Can I purchase a triplex with 5% down as a primary residence while having a current primary home and investment properties?

    Yes, you can purchase the triplex with 5% down if you intend to live there, but you must vacate your current primary home and may need a lease to offset the mortgage depending on your debt-to-income ratio.

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