All Forum Posts by: Serge Kukin

Quote from @Julia Ferris:

Although I haave read in the FHA FAQs that you are not supposed to short term rent an FHA loan property, I have not found a clause in my mortgage that says that (but I could miss it). Consider mid-term renting if you are worried. I think the living in it for 1 year is the big rule. I have heard that as long as the mortgage is paid, there is not too much follow up to worry about.

That's exactly what I heard. Just talked to a loan officer today, and he says 1000s of his clients ask the same question. He says as long as the mortgage is paid, they don't come asking questions. Plus, short term or long term, it is still a rental. He says go for it.

I did look into my area, short term is allowed. 

Thank you everyone for the advice and input. Much appreciated. 

My family and I are considering relocating to a different state for work. We bought a house almost a year ago with a FHA loan. From my understanding I can rent it out after the first year is up. But the legality of short term rental is what Im confused about. I'd prefer to Airbnb it rather then a long term rental, to maximize profits and get my rental portfolio started.

So what are the options? What are the FHA rules when it comes to short term rentals. Any suggestions and advice is welcome.