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Updated about 4 years ago on . Most recent reply

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Cody Frye
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Moving Into First Rental?

Cody Frye
Posted

Hi Everyone!! New to Bigger Pockets blog but listener to the podcast. In the process of closing on my first Duplex on the 25th of January next Monday.  Heloc was taken from my current home with intention of selling here in the spring and buying another home. Recently as of this weekend thinking of occupying's one of the units for the summer to knock some debt out but also remold the property without having to travel back an forth from another residence. Issue is debating on changing the loan on the duplex to primary residence. Only plan on staying in the rental for the summer 6month-ish. Do I worry about the property being looked at?(If I only plan on staying a few months?) As the loan being called, Or... do i just continued with a higher interest rate. 

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