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Posted over 4 years ago.

hmm.. so for how long does it have to be owner occupied? what if its rented out after few months?

Kevin Matthew Koel
Kevin Matthew Koel, Real Estate Attorney - Bryan, TX
Posted over 4 years ago.

I did more research and I was incorrect, the HUD rules do say you have to occupy the home for 12 months before selling, and you cannot buy another HUD property for 24 months after the first purchase. I believe that after the initial 12 month period, you are free to rent it out.