I have just got an investment home loan for an investment property, can i get a tennant in the property for?

a minimum of 6 months and then decide to live in the property myself so then it becomes my residence instead of investment property, or is that illegal as I would have an investment loan so I could buy the house instead of a normal home loan?

Most lenders will allow this, check your documentation, or call and ask them. Some lenders will charge a <nominal> fee for the facility - 100 Sterling is common.
Similarly, lenders often allow you to rent out your home, and move on. There are even 'rent-to-buy' mortgages where you take a larger mortgage on your existing home, let it out, and buy another ?smaller? home to live in.

Im pretty sure you can't live in it yourself but you can have a tenant.

Tags

　　Real Money 　　Real Estate Investment 　　Raise Capital 　　Property Investment 　　Profitable Investments 　　Private Investment 　　Private Equity 　　Private Capital

Related information

Credit score for investment property?

Before you go jump into investing it is really important to build up your credit score so that you can good loans and rates.. When you're trying to get a solid credit score it's important...

Tax benefit for investment property?

Mortgage INTEREST and property taxes are deductible @ 100% as long as the property was in service 100%. Deductions are limited if the property was used as a personal vacation home. Check out : ...

Can the sale of an investment property be financed by a living trust ?

The trust must contain the property before any financing can be done by it. You need to look at your living trust as completely different entity than yourself.

...

Anyone done Win Investment Property course?

I have tried another famous one. They are all excellent money spinners. For the organisers.

...

Tax withholdings for investment property?

Income taxes on an investment in Nevada are taxable to a California resident. The issue here is not where the investment/profit is generated, but where the recipient of those profits resides. T...

How can I finance investment property?

You could try to get the owners of the property to sell to you on a lease option for say 2 years, and lets say that you pay 500 a month, with 500 down, then you would have control of the property a...

Please can someone explain the difference between investment property and property for sale.?

Wow! It ain't that difficult people! Paul, you know what investments are? Things you put your money in, and then after time, if everything works out okay, you take your money out, and...

FHA loan to purchase a investment property?

Ooooops two conflicting anwers soooooo here is the link: FHA Federal Housing Administration loan programs: ...