Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
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 over 3 years ago,

User Stats

1
Posts
0
Votes
Gabriel Cintron
0
Votes |
1
Posts

Rental before moving in

Gabriel Cintron
Posted

I am currently in the works of moving from New York to Florida. My wife is in school to get her Doctorate and I am going to change jobs once she gets her career started in Florida in approximately 2 years. Our incomes will remain the same, or increase, after the move. I am curious if I can buy my primary residence and rent it for the two years till we move there, since we have some downpayment now. It will be my primary residence over the long term, but seeing rising housing prices at approximately 10% per year in the area im looking at, if I can rent it dropping loan amount owed and gain equity with the overall market it seems like that's the way to go. I just do not know if it is legal. I do intend to live in the house for a long time, but I do not know if there is a specific rule that makes this an investment property only because of the rental in the beginning. Thank you in advance.

Loading replies...