Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

14
Posts
4
Votes
Jason Wiser
  • New to Real Estate
  • Michigan
4
Votes |
14
Posts

Define "Investment property"? Using 2nd home mort for Air Bnb

Jason Wiser
  • New to Real Estate
  • Michigan
Posted

I am in the 11th hour leading up to clear to close. My bank just  sent me an email telling me that the underwriter wants me to sign and date something that says I will not use this property as an investment property. 
We are using this property as a second home and a vacation property, but still want to AirBnB to help offset cost of mortgage and repairs. 
Will I be committing fraud if I state that I will not use as "Investment property" and then list it on AirBnB? 

What can I do?

  • Jason Wiser
  • Most Popular Reply

    User Stats

    81
    Posts
    68
    Votes
    Joe C.
    • Florida
    68
    Votes |
    81
    Posts
    Joe C.
    • Florida
    Replied

    Ask them for a written definition of what they mean by "investment property".

    Loading replies...