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Updated over 4 years ago on . Most recent reply

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William Harris
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25
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I’m refinancing my primary residence, can I rent immediately?

William Harris
Posted

Good evening, 

I’m currently in the process of refinancing my home as primary residence in Maryland ( closing Is weeks away). My goal after closing is to immediately file taxes and file my home as a rental property.  

My question is, once closing is done and I file my home as a rental for 2020 taxes, can I quality for another loan to purchase as primary residence in April/May?   Since my current property will be rented out and already filed as a rental property. 

Or do I have to keep this refi home as my primary residence for a certain  period of time before getting the next primary loan ??  ( owned property for 3 years ) 

Thanks a lot 

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