Updated over 5 years ago on . Most recent reply
renting during seasoning period
Hi everyone,
I’m about to buy my first property using a conventional loan but the bank said there is a 12 month seasoning period before it can be used as a rental. I plan on having the renovations done in under 3 months and really don’t want to just let it sit for 9+ moment when it could be making money. Has anyone ever renting during the first year on a conventional loan or have an recommendations? Any input is helpful. Thank u