All Forum Posts by: Alexander Kostrubiec

Hello everyone. Thank you for viewing my post.

I'd like you to consider the following situation: Imagine you own an owner-occ FHA loan 4flat residential, you have the 3 other units rented out to tenants, and 1 owner-occ unit as your legally defined principal address.

Imagine that while that one owner-occ unit may be considered your legally defined principal address wherein it is legally defined that you reside in that unit, in actuality you did not spend your time residing or living within that unit.

Now, I know that renting that unit would be out of the question because it is legally defined as your principal address and is clearly stated that it is owner-occ; however, would it be legally permissible to airbnb this unit? I ask this due to the fact that many people airbnb their principal domicile such as the single family home in which they reside and hold title to.

Hello everyone. So, I am a Mortgage Loan Originator. I knew about the concept of househacking before I even knew that the practice fell under the umbrella term of "househacking", which I just learned today.

My question today is this: If you were to take out an FHA loan and househacked an owner-occ 4 flat and payed off the PITI in full, would it be possible to be able to convert this said property into a non-owner occ investment/rental property, refinance the property and pull out equity to use to take out another FHA loan on a 4 flat owner-occ to househack?

I'm sure that you could do this with a conventional mortgage, but I am specifically inquiring regarding an FHA loan, because I know that you can only have one outstanding FHA loan at any given time.

Thanks for reading!