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Updated about 5 years ago,
Vacation/second home loan question
Hi Everyone,
My wife and I are planning to purchase a second home out of state and we would like to rent it out short term while we are not there.
My question is there a limit on how often we can rent it out over the course of a year while we are not there? If so, I know a lot of people get second homes that they visit 5 or 6 times a year that they STR the rest of time so I know it is possible but I am not sure if this is allowed or not and I am assuming a lender would notice this when they see the insurance coverage on the property that covers STR?
Thanks everyone.
David