My sister wants to use a VA loan to get a property, but she'd only stay in it occasionally and wants to Airbnb it when she's traveling for work (travels globally a lot). I explained you're not supposed to do that, but her argument is how would anyone ever know? Is she right? Do they check, and what happens if she gets caught?

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Relax, your sister is an entrepreneur and she is going to eat you for breakfast when she gets that Airbnb. How will anyone know?

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There shouldn’t be, once loan is raised it’s locked for 30 years . The intent of the loan can change later.

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Your sister is fine, she’s buying it with the intent to live there. As long as she’s living there for a bit she’s fine. The VA can’t dictate how she lives her life... circumstances changes. I know A LOT of people that does this. As long as she’s occupying within 60 days or within 12 months ( extreme circumstances like deployment) she’s fine

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Exactly! This is not change in circumstance D1. Intent has always been to “live occasionally and airbnb it right away after closing”. Change in circumstance happens when you buy a house with the intention of living (not part time renting), but you end up being forced to rent due to circumstances like an out of state job transfer. I’m appalled that folks are saying here “your sister is fine”, “I know a lot of people doing this” etc. Converting to a rental after six months due to change in circumstances and lying on a mortgage application saying primary residence with the intent to rent it right away are two different things. Otherwise why would someone take commercial/investment property loans with higher rates if they can just get a personal resident loan and say their circumstances changed right after signing the document?

Ahhhhh, just don’t. It’s not about getting caught, it’s about whether is honest and pursuant to the terms of the loan documents. Save her VA eligibility for a real deal under the loan docs. Ever met someone who says, “yeah, I told them X and really did Y”. It’s then one knows one can never really trust that person. If you do not have integrity, life is big game of cat and mouse acrobatics full of stress. 

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You guys aren't getting it. I tried the moral and ethical argument and it didn't work. Now I'm trying to explain to her how she could potentially get caught. nobody on this thread seems to be able to be able to speak to that, though.

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