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Updated over 11 years ago on . Most recent reply

Adam Craig's profile image
Adam Craig's profile image
Adam Craig
  • Investor
  • from Cleveland, OH
  • Member since Aug 16, 2011
Connect

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603
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Adam Craig's profile image
Adam Craig's profile image
Adam Craig
  • Investor
  • from Cleveland, OH
  • Member since Aug 16, 2011
Connect
Adam Craig
  • Investor
  • Cleveland, OH
130
Votes |
603
Posts
Private Lending & Conventional Mortgage Advice

Vacation home VS rental property

Adam Craig
  • Investor
  • Cleveland, OH
Posted

I am looking to buy a vacation house near Fort Myers FL. How strict are the rules to get owner financing. For instance - I purchase the house as a vacation home (second home), then we realize we are not using it as much as we though - could we then rent it out part time without the loan holders fussing.

Owner financing would obviously be ideal. I just dont know how "flexible" the rules are. What trouble am I looking at if they deem it a rental.

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