All Forum Posts by: Account Closed

Funny update here, I've called the original attorney who told me to ask my lender. I then called my current lender who told me to call the original lender that the mortgage came from. I called them and subsequently called FHA who told me to call my current lender but also gave me advice that led to my same conclusion:

All FHA AirBnb rules seem to be specifically geared towards my unit that I live in. In other words, DO NOT Airbnb your own residence. As it pertains to the two units downstairs that I usually rent on a long term basis, I've come to the conclusion per guidelines I've read from FHA that they don't care as long as the risk of me AirBnb'ing my own primary residence isn't there. 

If anyone can provide any insight to this it would be much appreciated. All parties right now sort of have me running in circles with no answers and interpreting on my own, hah. Would love to see anyone with similar experiences.

Hi everyone, I want to start off by saying thanks for everyone's knowledge. I've searched a bunch of FHA AirBnb threads on BP and wanted to be sure I'm understanding what I've read so far correctly. I purchased a multi-family last year. Being new to the game I remember signing one document and my attorney specifically going "so no AirBnb." I specifically remember thinking to myself at the time of signing....well that's unfortunate because I wanted to experiment with AirBnb. After reading Bigger Pockets forum posts on this similar topic, I've come to realize the following/have the following question: AirBnb's with FHA as I've now come to understand are not allowed in the supposed OWNER OCCUPIED unit. Given that I'm not trying to skirt the law here, to make it clear, I right now and for the foreseeable future intend to occupy ONE of the units in my three flat. My question is in regards to the other TWO units that I have available.  Under my current FHA loan, am I understanding correctly that I'm perfectly within my own legal right to AirBnb the OTHER two units? Or under FHA am I not allowed to AirBnb entirely? Thanks for helping a new investor out everyone.