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Updated over 1 year ago on . Most recent reply

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Nathaniel Ziomek
  • New to Real Estate
  • Los Angeles
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Short term rental OK when purchasing with FHA?

Nathaniel Ziomek
  • New to Real Estate
  • Los Angeles
Posted

Heard some mixed information on this, but just wanted to clarify: If one purchases a property with an FHA loan, is it legal to short-term rent a portion of the house or other unit/ADU? while living in the property or after one year/leaving the property?

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied
Quote from @Nathaniel Ziomek:

 @Brittany Minocchi I have seen that verbiage, which is the reason I am posting this because I am currently talking to lenders and none of them are saying it is a problem.. but @Caroline Gerardo - you're saying that the only thing that matters is living in the property myself & it being a multi-unit or ADU?

@Ryan Thomson A realtor I spoke with said he had to do this, which is the first time I heard about this and why I am asking the question.

I'm afraid the answer right now isn't seeming clear cut to me given the different responses to this post alone lol

Just google it up read All the requirements on FHA’s website….instead of asking a variety of people that likely only know part of the rules..

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