BiggerPockets Daily You Can “Short-Term” Rent Your FHA Property—But You Need to Extend the Timeline
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Jan 12, 2025 Explore how FHA loans can be your gateway to real estate investing. Discover creative strategies like house hacking with multifamily units and utilizing renovation loans for flipping properties. Learn the nuances of renting your FHA mortgaged properties, including midterm rental rules and the significance of initial residency. Uncover when multiple FHA loans can work in your favor, igniting your path to a thriving real estate empire.
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FHA Loan Strategy
- FHA loans are for owner-occupants, requiring a year of residency before renting.
- You can use this to build a portfolio by refinancing after a year and repeating.
Short-Term Rental Debate
- There's debate about short-term renting FHA properties.
- FHA.com states rentals must be 30+ days, prohibiting transient use.
Midterm Renting
- Midterm renting your FHA home is like having roommates.
- This can help manage finances and jumpstart an investing career.