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Updated almost 4 years ago,
I’m refinancing my primary residence, can I rent immediately?
Good evening,
I’m currently in the process of refinancing my home as primary residence in Maryland ( closing Is weeks away). My goal after closing is to immediately file taxes and file my home as a rental property.
My question is, once closing is done and I file my home as a rental for 2020 taxes, can I quality for another loan to purchase as primary residence in April/May? Since my current property will be rented out and already filed as a rental property.
Or do I have to keep this refi home as my primary residence for a certain period of time before getting the next primary loan ?? ( owned property for 3 years )
Thanks a lot