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Updated over 5 years ago on . Most recent reply

Reyes Velasco's profile image
Reyes Velasco's profile image
Reyes Velasco
  • Investor
  • from gardena, California
  • Member since Aug 14, 2017
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33
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12
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Reyes Velasco's profile image
Reyes Velasco's profile image
Reyes Velasco
  • Investor
  • from gardena, California
  • Member since Aug 14, 2017
Connect
Reyes Velasco
  • Investor
  • gardena, CA
12
Votes |
33
Posts
General Landlording & Rental Properties

Need help with a question owner occupied/rental?

Reyes Velasco
  • Investor
  • gardena, CA
Posted

Hello BP. I have a question.

I just bought a condo, and I was planning to live there, but something came up, so I want to stay at my current residence and no longer go foward with living in my new condo. So my plan is to rent it out now. Can I do this with no issues? My friend told me i have to wait 6 months if i want to rent it, since it will become an investment. My new condo is in long beach California . Any info will be appreciated.

I got the condo with a conventional loan owner occupied. I closed in June.

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