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Updated over 10 years ago,
Homeowner vs Investment Loan
Would appreciate it if you guys could help me out...
New to the real estate business and just purchased a condo in AZ last December. I had intentions of renting it out but since the investment ratio of the complex was over 50% the only way I could get it was through a owner occupant loan. Does anyone know ways around that for me to rent it out? I know with HFA you have to live in the property for a little bit and that's classified as owner occupant then you can rent it out...I didn't know if something like that would apply here?
Any feedback would be AWESOME!
Thanks,
Cody