Home Buying in 32751>Question Details

Tammie Cline, Home Buyer in Winter Park, FL

How long after financing a condo or house would you have to wait before renting it out?

Asked by Tammie Cline, Winter Park, FL Wed Nov 2, 2011

I would like to purchase either a condo or house, not sure which one yet, in the winter park area. I just don't know if I will be in this area for many years. If I had to move in a year after purchasing, will certain loans restrict me from renting it out that soon?

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Answers

5
Here's a good link for general information: http://www.ehow.com/info_12047244_happens-mortgage-start-ren…

Call me if you would like more detailed information.

Ken

--
Kenneth E. King LLC
Realtor®
Coldwell Banker Residential Real Estate
# 1 OFFICE STATEWIDE 2010
Your referrals are appreciated and treated like gold!
400 Park Ave S. Ste 210
Winter Park, FL 32789
http://flpropertydeals.com
Cell: 407-733-2599
Off : 407-647-1211 x3573
Fax: 407-628-1210
2 votes Thank Flag Link Wed Nov 2, 2011
You want to check the Bi laws before buying the condo-town home first to see if it is possible.. Some do not let you or they only let you do it a certain amount of days a year..
1 vote Thank Flag Link Wed Nov 2, 2011
Tammie,
depends on the by-laws. Check them carefully before buying, to avoid surprises later on. some have no restrictions on renting, and others have very strict guidelines. When looking for property, let your Realtor know exactly what your criteria is and take it from there.
Good Luck!
Genevieve Ramachandran
0 votes Thank Flag Link Wed Nov 9, 2011
Great website find Ken. Very useful.
0 votes Thank Flag Link Thu Nov 3, 2011
Thank you Ken! That article hit the spot with what I was looking for. Appreciate your time and feedback...
0 votes Thank Flag Link Wed Nov 2, 2011
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