Short Term Renting Primary Residence
6 Replies
Chris Weaver
Flipper from North Conway, New Hampshire
posted over 2 years ago
Is it possible to buy a primary residence and live in it but also rent it on AirBnB when I'm on vacation or on weekends when I'm away? Are there a certain number of days the house must be owner occupied to stay within the mortgage guidelines for OO?
JD Martin
(Moderator) -
Rental Property Investor from Northeast, TN
replied over 2 years ago
As long as you don't own another property I doubt anyone can claim you don't live there, regardless of the short-term rental stuff. For taxes the IRS usually considers anywhere you live more than 6 months your "primary" residence.
Chris Weaver
Flipper from North Conway, New Hampshire
replied over 2 years ago
Quicken Loans said you could only rent a primary for two weeks a year. Does anyone know if this is a requirement with all lenders or just them?
Blake Brose
Realtor from Kansas City, MO
replied over 2 years ago
It all depends on the lender. Some lenders don't care what you are doing with the house at all. As long as you are paying the mortgage, they couldn't care less.
Blair Russell
Investor from Las Vegas, Nevada
replied over 2 years ago
@Blake Brose is right but don't forget Insurance, and the IRS.
Chris Weaver
Flipper from North Conway, New Hampshire
replied over 2 years ago
From what I understand if you buy a primary residence with a low down payment you often have to live in the home for a certain period of time. Is that not what others have heard?
Jeff B.
Buy & Hold Owner from Redlands, California
replied over 2 years ago
Lookup Vacation Home occupancy, which limits the number of days you can use it and still consider it non-primary. Sure the STR would be treated similarly.
Free eBook from BiggerPockets!

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing