@@JefftheMortgagePro I have a 4 plex househack but with a 10% conventional loan, I’d like to buy another 4 plex househack after a year, can I get an fha loan since my current loan is conventional?
@jmaxvil7978 yes you can. The tricky part with fha house hacking on 3-4 units is the self sufficiency test. The new property has to cashflow. Also, look at the 100 mile rule for FHA...property would need to be great than 100 miles away from your current property.
thank you
you're welcome
@jeff after you’ve got the 1st property, how do you scaled from their to another house hack?
You'd have to refinance out of this fha loan at some point, then you can use it again.
@@JefftheMortgagePro I have a 4 plex househack but with a 10% conventional loan, I’d like to buy another 4 plex househack after a year, can I get an fha loan since my current loan is conventional?
@jmaxvil7978 yes you can. The tricky part with fha house hacking on 3-4 units is the self sufficiency test. The new property has to cashflow. Also, look at the 100 mile rule for FHA...property would need to be great than 100 miles away from your current property.
@ thank you for the info