House Hacking - What constitutes a primary residency?

[Luis Ramirez]

Hello,

I am considering attempting my first house hack, but I just had some questions and was wondering if any of you had experience some of this things and could give some advice. Currently at the moment I live with my parents, my plan is to buy a house in an more visited area near Detroit, live in it but also put it on Airbnb. I was thinking that the days the house is rented I could go back and stay with my parents, but I am not sure on what constitutes a house being your primary residency so you can get an FHA loan. Has anyone tried something similar to this? did you have any success?

Thank you everyone

[David Lyons]

Hey @Luis Ramirez - this is a fantastic strategy.   Primary residence means it is the address on your license, for tax filing, where you receive mail, etc.  It should also be convenient to your location of employment.   And that you occupy it for the majority of the year.

There is no rule that you can't Airbnb it for periods of time.  There are also ways you can segment off part of the house and list the rest on Airbnb, even while you are living there.