Updated over 6 years ago on . Most recent reply
Flip using conventional
We financed our first investment property with a conventional. Our initial plan was to lower capital gains tax by holding and renting for a year. Now that we are almost finished renovating the home we are thinking about flipping and selling instead. Since we indicated to our mortgage company that we'd be renting the property, are we legally obligated to hold onto it and make a certain amount of mortgage payments?