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Updated about 11 years ago on . Most recent reply

Joseph Tarallo's profile image
Joseph Tarallo's profile image
Joseph Tarallo
  • from South Amboy, New Jersey
  • Member since Jan 20, 2014
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Joseph Tarallo's profile image
Joseph Tarallo's profile image
Joseph Tarallo
  • from South Amboy, New Jersey
  • Member since Jan 20, 2014
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Joseph Tarallo
  • South Amboy, NJ
2
Votes |
114
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Buying & Selling Real Estate

Buying as primary residence but renting out?

Joseph Tarallo
  • South Amboy, NJ
Posted

I am buying a multi family home I am telling the bank it's going to be my primary residence but I am most likely going to be renting it out ... Is that okay to do ?

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Andy Robison's profile image
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Andy Robison
  • Investor
  • from Kansas City, Missouri
  • Member since Sep 6, 2013
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Andy Robison's profile image
Andy Robison's profile image
Andy Robison
  • Investor
  • from Kansas City, Missouri
  • Member since Sep 6, 2013
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Andy Robison
  • Investor
  • Kansas City, MO
170
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Andy Robison
  • Investor
  • Kansas City, MO
Replied

You asked if it was legal and it's not. That is mortgage fraud.

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