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Updated over 4 years ago on . Most recent reply

Mike Harris's profile image
Mike Harris's profile image
Mike Harris
  • New to Real Estate
  • from Galloway, New Jersey
  • Member since Oct 13, 2020
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Mike Harris's profile image
Mike Harris's profile image
Mike Harris
  • New to Real Estate
  • from Galloway, New Jersey
  • Member since Oct 13, 2020
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Mike Harris
  • New to Real Estate
  • Galloway, NJ
3
Votes |
18
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Buying & Selling Real Estate

Can you not rent with an FHA loan?

Mike Harris
  • New to Real Estate
  • Galloway, NJ
Posted

I am looking for potential homes to buy and rent out through airbnb. From what I have been reading you need to be buying a primary residence to get approved for an FHA loan....is this correct? If so, would I be able to buy it as a primary and then decide to rent it out after? Does anybody know how strict this is and if there is consequences for renting out a property after securing it through FHA? Thank you in advance.

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Michael Noto's profile image
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Michael Noto
  • Real Estate Agent
  • from Southington, CT
  • Member since Jan 27, 2008
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Michael Noto's profile image
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Michael Noto
  • Real Estate Agent
  • from Southington, CT
  • Member since Jan 27, 2008
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Michael Noto
  • Real Estate Agent
  • Southington, CT
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Michael Noto
  • Real Estate Agent
  • Southington, CT
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1 unit has to be owner occupied for at least a year with a FHA loan. You can rent out the rest of the apartments in the building ASAP.

  • Michael Noto
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