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Updated almost 3 years ago on . Most recent reply

Katie Pellegrin's profile image
Katie Pellegrin's profile image
Katie Pellegrin
  • Rental Property Investor
  • from Covington, LA
  • Member since Nov 14, 2019
  • Posts 8
  • Votes 2
  • Experience 6 Yrs
  • Investments 4
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Katie Pellegrin's profile image
Katie Pellegrin's profile image
Katie Pellegrin
  • Rental Property Investor
  • from Covington, LA
  • Member since Nov 14, 2019
  • Posts 8
  • Votes 2
  • Experience 6 Yrs
  • Investments 4
Connect
Katie Pellegrin
  • Rental Property Investor
  • Covington, LA
2
Votes |
8
Posts
Private Lending & Conventional Mortgage Advice

Can I rent from myself and refiance?

Katie Pellegrin
  • Rental Property Investor
  • Covington, LA
Posted

I am in a situation where it would be easier and faster to rent from myself. Now my only concern is being able to refi down the road. 

New Orleans, Louisiana
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Nick Belsky
  • from Residential and Commercial Broker
  • Member since May 3, 2021
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Nick Belsky
  • from Residential and Commercial Broker
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Nick Belsky
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Nick Belsky
  • Residential and Commercial Broker
Replied

@Katie Pellegrin

If you have a loan on that property and it was purchased as non-owner occupied, you'd be committing occupancy fraud by moving in and renting from yourself.  If you own it free and clear, then no worries.

Cheers!

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