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Updated over 1 year ago on . Most recent reply
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Short term rental OK when purchasing with FHA?
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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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