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How Long Do I Have To Wait After Buying A House To Put It On Rent?

Hοw long ԁο I hаνе tο wait аftеr buying a house tο рυt іt οn rent іn El Sobrante, CA?

4 Responses to “How Long Do I Have To Wait After Buying A House To Put It On Rent?”

  1. typically its 1 year or 12 mortgage payments but read your documents first.

  2. It depends on HOW you bought the house. If you bought is as _investment/rental property” and disclosed this on the loan application then the first day you are on title you can rent it out.
    If you LIED and stated you were going to move into the house and now are wanting to rent it out, the LAW is you can NOT rent it out so are you REALY asking how long or are you asking “what are my chances of getting caught and the results of that”????
    I do NOT give advice on how to break the rules.

  3. Oh, in order to commit occupancy fraud?
    Keep in mind that banks are ROUTINELY auditing for this now and banks are putting measures in place to audit for occupancy 1 to 2 times per year, especially if you have another mortgage.
    The days of occupancy fraud are getting ready to be long gone.

  4. Read your loan documents.

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