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Updated almost 12 years ago,

User Stats

7
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0
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Tim Burk
  • Canton, MI
0
Votes |
7
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Turning condo into a rental after a recent refi?

Tim Burk
  • Canton, MI
Posted

Hello,

Newer to REI with one SFR i purchased a few months ago, but am looking for more everyday. I myself am currently in a condo and ithe thought just came across me today that i would do great with renting out my condo with what i owe on it. This would take place of buying 2 less expensive SF homes and i would then just purchase a house for myself to live in, which is what i want anyways.

The question is i just Refinanced to a 15 year at the end of last year. I believe there was a clause saying i could not sell or rent for 12 months? Just trying to get clarification on this. If i were to find the perfect house i want to be ready.

Thanks!

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