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 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
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 about 7 years ago on . Most recent reply

User Stats

16
Posts
0
Votes
Alberto C.
  • Gainesville, FL
0
Votes |
16
Posts

Buying a duplex/Mother-in-law: living there and renting it.

Alberto C.
  • Gainesville, FL
Posted

Dear all,

I recently got a long-term job in Gainesville, Florida. I am an European Citizen on a H1b visa, applying now for Green Card, which I will get most likely in 2-3 years. I am not looking for starting a RE career, I do not have a time for that, but at the same time I am bored of spending money in rent. I am planning to buy either a duplex or a house with a mother in law. I am in my thirties, single, and I thought that would be the best way not to waste money in rent, and still get some money from renting out the other unit. Not really trying to have a positive cash flow, but mainly being able to deduct a part of property taxes, insurance, HOA, etc and pay part of my loan. And from what I have understood from this post, the deductible part is given by the percentage of the house which is rented, and I will compute that by computing the ratio of rented square feet over total square feet. Do you think I am doing the right thing with such a purchase? Should I be careful of zoning regulation when purchasing a duplex or mother in law? Here for example I read: https://growth-management.alachuacounty.us/Zoning/... :

"If a property owner loses homestead exception status, the kitchen and other facilities for the separate residence must be removed."

Which would be terrible. And looks like a non-US citizen on H1b visa like me cannot have homestead exception, in fact wikipedia says: "A person in the US under an E, H, L or R-class visa is not eligible for homestead, pursuant to Rule 12D-7.007(3), Florida Administrative Code". Myabe there is no issue about a duplex, but duplexes are not common here, while I already saw a couple of nice houses with mother-in-law. Any advice on this purchase would be appreciated.


Thank you 
A.

Loading replies...