Primary house purchased cash $965000Spent $75,000 updating/remodelingOther holding expenses to date: $12,600 (annual taxes and utilities for two years)Home now appraised at $1,325,000.00 We are considering selling our primary house, finding another primary that we can live and flip again over two years.

My guy will start closer to May 2025 on his.I should mention my guy owns a primary home already as an inheritance that at this time we have no plans to touch.

If you refinance it as your primary residence, then yes, you will be signing a new Mortgage at closing that says you intend to occupy for 12 months, essentially resetting your clock to another 12 months.But here's the huge kicker.

I would love to hear a more detailed explanation on why your accountant recommends this if you are able to share with us the more precise reasoning. 

I currently have a conventional mortgage on my primary residence. 

I'm building an ADU here at my primary and would consider another SFH nearby if I could find the right deal.

I have equity in my primary residence and some non retirement savings (but hesitant to dip into that… ) Interested in hearing your responses!!

. - If you are NOT buying the property as your primary residence (in this case, it sounds like it will be an out of state rental), you are looking at putting 20% - 25% down if you are going to use a conventional mortgage.

Should I use the equity in my primary home to purchase my next home?

With a primary residence you will likely get the best rate too.I will add that 5% conventional doesn't work as well as 3.5% FHA.