Updated over 6 years ago on .
House Hacking / FHA Loan with a Nomadic Lifestyle
Hi all!
I am currently strategizing how to make my first deal and how to make it work with my lifestyle.
I'm drawn to House Hacking for the chance of using an FHA loan with a low down payment.
My issue is that I travel nearly full time for work. I haven't paid rent anywhere for the last 3-4 years. My work requires me to move every 3-6 months and provides housing that is rented by the company. I current use a family address as my primary address and all mail is sent there, so its as close to a permanent address as I have.
I am currently interested in a market with strong Airbnb/Vacation Rental possibilities. When I'm not traveling (usually 2-4 weeks at a time, a couple of times per year) I could see myself blocking out the availability of the property (or at least a room) and staying there myself. Would I be violating the terms of the FHA loan if I used the house as my primary residence for a year but I rarely live in it?