House Hacking
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
primary residence qualifications...?
Hey all,
I'm planning on using a primary residence loan on my first SFH or small multi-family house-hack; most likely an FHA loan. BUT..I am wondering what constitutes a primary residence?
-Can I live there part time and short-term rent(Air bnb) the room/unit that I was just living in while I'm gone? How long do I technically have to be in the house throughout the year for it to be my "primary residence"?
I don't want to have mortgage fraud, but I want to know the limits of what I can and can't do.
Thanks!