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Short-Term & Vacation Rental Discussions

User Stats

14
Posts
4
Votes
Ethan Clay Lesperance
  • Investor
  • Graham, NC
4
Votes |
14
Posts

Turning a primary residence into an airbnb.

Ethan Clay Lesperance
  • Investor
  • Graham, NC
Posted Jul 2 2024, 07:54

I recently moved to a home i was going to flip but decided to keep and make it my primary. I have a conventional 30 year loan on the old house(lived there for 2+ years) and private loan on the new one for now. Anyway, im planning to turn the old one into a 5 bed 2 bath airbnb. Is this ok to do while having a conventional loan? Is insurance going to be a problem? Do i need to inform the lender and my insurance of my intentions? 

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