Asked by Dexter, 98367 • Mon Jan 24, 2011
Can I rent out my HUD home?
Iâ€™m buying a HUD home with cash as an owner-occupied, after it has been sitting on a market for around 2 months at the time of bidding. It is scheduled to close soon in a few weeks here. Now I want to live somewhere else, but donâ€™t want to cancel our deal with the HUD home (afraid of losing our deposit).
My research indicates that the home is mine and I could do whatever I want since I am paying all the expenses on it. (1) Is this correct?
(2) But the main question isâ€¦â€¦How long after closing, can I rent this HUD home out?
(3) Is the rule different between cash buyer vs. with FHA financing?
Thanks in advance
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!