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Updated about 5 years ago,
Question about conventional loan owner occupied
Hello have a couple of questions if i can help get the answer or suggestion on what to do.
I purchased A condo in long beach California, last year in June. I got a conventional loan owner occupied, as i was planning to move in.(i remodeled it and stayed about 2months)
I had a bit of relocation from work, so it is a inconvenience for me to stay in long beach now,(traffic).
My goal now is to rent it out now.
My question is, can i rent it out since i got a conventional loan owner occupied?
Or do i habe to wait a year before i can rent it?
My goal is to keep the condo as i want to eventually give it to my son when he goes to college, so i do not want to sell.
Financial i can afford to keep it . But seeing my options. Thank you