Buy to Live vs Buy to rent

[David Spencer]

Hi There,

I am looking to buy my first house as an investment property. In the near future I may do some long term traveling away from home. Am I able to buy a house to live in it short term (few months maybe), and then later rent it out as an investment while I travel? (I would go through a property management company). Is there any mortgage fine print I should be aware of?

Thanks in advance!

[Bjorn Ahlblad]

Welcome to BP! What about a duplex, triplex or a property with a small guest house or apartment? That might give you an added flexibility and privacy for when you are there or not as well as more income. I do not think there is fine print you need to worry about in the scenario you are describing. Keep the mortgage UTD and you should have no worries. All the best!