Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

33
Posts
12
Votes
Reyes Velasco
  • Investor
  • gardena, CA
12
Votes |
33
Posts

Question about conventional loan owner occupied

Reyes Velasco
  • Investor
  • gardena, CA
Posted

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

Loading replies...