Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
House Hacking
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

175
Posts
75
Votes
Cole Britting
  • Investor
  • New Hampshire
75
Votes |
175
Posts

House Hack While Traveling

Cole Britting
  • Investor
  • New Hampshire
Posted

Hope everyone is doing well!

So I have a question on house hacking, as I am trying to develop my strategy:

I'm going to be traveling around for the next few months (not work related), but also want to get a house hack with an FHA loan. After taking a look at the FHA guidelines, it seems that as long as it is my primary residence, and I am occupying it for the majority of the year, I am not breaking any rules. So if I travel for 182 days, and live in my house hack for 183, I am all set?

To add another layer: What if I want to rent out my room (or if multifamily, my unit) to someone on a short/mid term basis while I am gone. Is this allowed? I'd still be occupying it for majority of the year, but not sure if this crosses some line between investment property and primary residence.

Here is the HUD's definition of principal residence for reference:

A Principal Residence refers to a dwelling where the Borrower maintains or will maintain their
permanent place of abode, and which the Borrower typically occupies or will occupy for the
majority of the calendar year. A person may have only one Principal Residence at any one time.


Loading replies...