Say I want to buy a house and rent it out for 12-24 months before making it my primary residence. Would the loan be categorized as for an investment property or as a primary residence?
Any direct knowledge of the subject is appreciated.
Thanks for the responses. I’m interested in buying a house while prices seem to be a little depressed. However, I work overseas and would not be able to occupy it myself for at least 12 months after purchase. At that point, it would become my primary residence, but I would consider renting it out rather than leaving it unoccupied for that period.
I don’t plan on doing anything illegal. Not the intent of my question.