Buying Multiple Houses

[Hansel Gunawan]

Hey guys, I have a question.

What if I buy, let's say, 3 houses and then I want to rent out all of them. Which primary residence should I use? Do I really need to live AT LEAST A YEAR in one of the houses or can I just rent all of them to the tenants?

Thanks.

I really need advice!

[Chris Seveney]

Quote from @Hansel Gunawan:

Hey guys, I have a question.

What if I buy, let's say, 3 houses and then I want to rent out all of them. Which primary residence should I use? Do I really need to live AT LEAST A YEAR in one of the houses or can I just rent all of them to the tenants?

Thanks.

I really need advice!

 You do not need to live in any of them,UNLESS you are getting conventional mortgages that you are saying you are going to be an owner occupant in that stipulates you must live in the home for a year. If you do not, technically its mortgage fraud. Now would you get caught, maybe maybe not, but banks appear to be cracking down on this because they sell the loans to FNMA to get them securitized and when they get kicked out they are on the hook for the loan which its not their business plan to hold these loans.