Is it possible to rent our currently purchased condo instead of moving into ourselves?

Asked by judysheart, Azle, TX Mon Jun 24, 2013

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Russ Douville, , Saint Paul, MN
Mon Jun 24, 2013
That is a good question for your lender, your real estate agent, and the condo board/association. Some loan types, including FHA loans, have owner occupancy requirements, so check with your lender. Some condo rules and bylaws don't allow for rentals, so check with them. And finally, check with your real estate agent if you have more questions.
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