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Updated almost 6 years ago on . Most recent reply

Miguel Anaya's profile image
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Miguel Anaya
  • from Los Angeles, California
  • Member since Oct 5, 2017
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Miguel Anaya's profile image
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Miguel Anaya
  • from Los Angeles, California
  • Member since Oct 5, 2017
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Miguel Anaya
  • Los Angeles, CA
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Rehabbing & House Flipping

FHA Can I rent it out .

Miguel Anaya
  • Los Angeles, CA
Posted

Hello I'm A super New bee!!!!!! I have a question about FHA loans, since it would be my first time purchasing I would like to use an FHA loan, but I live in California I have a question if anybody could help me out.

would I be able to refinance through a conventional loan after?

and if I can how long do I have to wait?

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Ashley Kehr's profile image
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Ashley Kehr
  • Rental Property Investor
  • from Buffalo, NY
  • Member since Apr 23, 2017
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Ashley Kehr's profile image
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Ashley Kehr
  • Rental Property Investor
  • from Buffalo, NY
  • Member since Apr 23, 2017
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Ashley Kehr
  • Rental Property Investor
  • Buffalo, NY
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Ashley Kehr
  • Rental Property Investor
  • Buffalo, NY
Replied

Hi Miguel. Usually an FHA loan has a lower interest rate than a conventional loan. It wouldn't make sense to refinance to a conventional. For an FHA loan you have to live in the property for one year then you can rent it out.

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