All Forum Posts by: Nick Mangiapane

I am nearly ready to get prequalified for a loan and buy a property in Joshua Tree or Big Bear area. I would like to take advantage of the Vacation Home loan with 10% down. These locations require a property manager and I know some lenders do not allow a property manager for this type of loan, but I’ve heard that some allow. Any advice on lenders? 

Hi @Ciara Odhiambo. I was not a Pro Member before registering. I was sent a code for the membership after registering for the weekend. 

I am registered for this! Really excited! 😁

Thanks @Paul Welden. I’m going to need to do more research with lenders. 

I am interested in purchasing a home in Big Bear, CA area using an FHA 203k loan putting 3.5% down. I know that a home must be my primary residence for 1 year in accordance with the fha loan requirements. I am struggling to find an exact definition of primary residence. Is it 6mo or over total for the year? Am I allowed to use the home as a short term rental at any point during that year if it remains my primary residence during that time? Side note: I am not talking about renting out rooms while I'm in the house. Ideally, I'd like to rent it out during holidays while I travel and then live in it the rest of the year. After a year, I would make it a full-time STR. Any advice or experience would be greatly appreciated. Thanks!