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Temporary Lease Agreement to Prospective Buyer of Residence Prior to Closing South Carolina Form

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Temporary Lease Agreement to Prospective Buyer of Residence Prior to Closing South Carolina Form

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how long can you stay in your home before you use it as an investment property hi this is scott hastings i'm a loan officer in north carolina and i get a lot of questions from a lot of times younger people that are thinking about doing you know i guess you call it house hacking you know in general what people want to do is you know be able to build their real estate investment portfolio and they want to know well how long do i have to live in my house before i can use it as an investment property well that really depends on the type of mortgage that you get so depending on whether you have an fha loan a va loan a usda loan a conventional loan etc that that's going to determine that time period so on an fha loan it states in the closing documents that you'll use it as a primary residence for at least six months so in general as long as you've been living there in your primary residence in for six months you can keep it buy another home and use that house

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