Hi Guys,
Say you want to buy a rental property but can't reach the 40% deposit required. Instead you get finance for a personal home at 20% deposit, move into the house then a few months down the track you move out and start renting the property.
Would this land you in any kind of hot water? I understand this is a bit cheeky but if you genuinely use the property as a home before you rent it then are there any potentially issues you could face?
Cheers!
Say you want to buy a rental property but can't reach the 40% deposit required. Instead you get finance for a personal home at 20% deposit, move into the house then a few months down the track you move out and start renting the property.
Would this land you in any kind of hot water? I understand this is a bit cheeky but if you genuinely use the property as a home before you rent it then are there any potentially issues you could face?
Cheers!
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