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Updated almost 5 years ago on . Most recent reply
How to buy multiple homes for air bnb
I’m interested in purchasing a home in the New Orleans area to use for an air bnb. If I want to buy a home for myself for primary residence, would I be able
to still get a fha loan for an investment property?
Most Popular Reply
Originally posted by @Brittany Burfict:
I’m interested in purchasing a home in the New Orleans area to use for an air bnb. If I want to buy a home for myself for primary residence, would I be able
to still get a fha loan for an investment property?
FHA loans are not meant for investment properties, they're for primary.
If you buy a primary with an FHA loan and move out after (I believe a year), you're fine. But to buy as an investment property is not allowed.