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Updated 8 days ago on . Most recent reply

User Stats

31
Posts
14
Votes
Brennen McConnell
  • Rental Property Investor
  • Cleveland, OH
14
Votes |
31
Posts

Purchasing rural Airbnb property within 3 hours drive of Houston with USDA Loan

Brennen McConnell
  • Rental Property Investor
  • Cleveland, OH
Posted

I'm exploring options to purchase a new home as a primary residence within a 3 hour drive of Houston George Bush Intl Airport (IAH) with a USDA loan that I could turn into an Airbnb to rent out when I am not there because I spend a lot of time overseas. I'm not set on doing it with a USDA loan, but I was eyeing rural properties and thought it may make sense to look at the USDA loan route. I'm at the very early stages of my decision making process but wanted to explore some options regarding location and decide whether or not the USDA loan route would be the best way to go. I know that there are some extra requirements of the USDA loan like the property needing to be in move-in ready condition, but assuming I would be looking at move-in ready properties, are there any other hurdles I am overlooking in using USDA financing? 

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