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Updated about 11 years ago on . Most recent reply

User Stats

452
Posts
10
Votes
Michael Dunn
  • Olive Branch, MS
10
Votes |
452
Posts

1 year O.O. rule apply to Renting as

Michael Dunn
  • Olive Branch, MS
Posted

it does to when you can sell your house ? I'm getting ready to purchase my furst property , with the intention of Renting the property and cash flowing the differnce between my PITI monthly payment and what I can rent it for. Then, rinse, wash repeat to the next property.

My main question is, since i'll be an O.O. , I know the law states that I have to live there for 1 year, before I can sell the property, but does the same rule apply, as to when I can Rent the property ?

Thanks for the help and input BP community - Michael

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