I would like to move out of state and be near a relative.
2007-09-05 01:41:34 · 4 answers · asked by gramsysk52 2 in Business & Finance ➔ Renting & Real Estate
I have lived here for three years.
Thank you.
2007-09-05 01:51:47 · update #1
Yes, you can rent the property out. The only requirement is that when you took out the loan you intended to occupy the home as your principal residence. Legally you only needed to have the intent as of the closing date of the loan. Three years in the property clearly proves your intent at the time of purchase.
I lived in one property for less than a month when I had to rent it out due to a no-notice military move. There were NO issues at all with renting out the property.
2007-09-05 01:55:06 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
You should check with the VA. I would imagine the answer is no. If you used your VA entitlement, you may have to repay that first. I would sell the property.
2007-09-05 08:50:49 · answer #2 · answered by Alterfemego 7 · 0⤊ 2⤋
yes you can.you only needed to live there 1 yr . then you can rent it out.
2007-09-05 08:50:02 · answer #3 · answered by cowboy 4 · 0⤊ 1⤋
how long ago did you buy it? read your loan docs.
2007-09-05 08:48:13 · answer #4 · answered by Steve 4 · 0⤊ 1⤋