Can I Buy a House and Rent it Out Immediately?

Can I Buy a House and Rent it Out Immediately? Overview by Chris at Hauseit® (https://www.hauseit.com).

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Assuming you purchased using a regular mortgage meant for primary residency, then no, per the mortgage note you are not allowed to immediately rent it out.

If you had intended to use the property as a rental property, then you should have disclosed this early on, and as a result the lender would have charged you more because investment properties carry more risk for the lender.

Check the specific language in your mortgage note document for restrictions.

We explore this mystery and explain further in the following video.
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