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Updated over 2 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
Katie Pellegrin
  • Rental Property Investor
  • Covington, LA
2
Votes |
8
Posts

Can I rent from myself and refiance?

Katie Pellegrin
  • Rental Property Investor
  • Covington, LA
Posted

I am in a situation where it would be easier and faster to rent from myself. Now my only concern is being able to refi down the road. 

Most Popular Reply

User Stats

1,137
Posts
641
Votes
Nick Belsky
  • Residential and Commercial Broker
641
Votes |
1,137
Posts
Nick Belsky
  • Residential and Commercial Broker
Replied

@Katie Pellegrin

If you have a loan on that property and it was purchased as non-owner occupied, you'd be committing occupancy fraud by moving in and renting from yourself.  If you own it free and clear, then no worries.

Cheers!

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Belsky Mortgage, LLC
5.0 stars
14 Reviews

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