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Updated over 4 years ago,

User Stats

72
Posts
9
Votes
Lawrence Paul
  • Rental Property Investor
  • Montgomery County
9
Votes |
72
Posts

5-10 Properties - 5th Property as Primary Residence

Lawrence Paul
  • Rental Property Investor
  • Montgomery County
Posted

So, I just hit the magic #4 property.

I have a small concern, however.

I have three rentals and am living in a property that I will convert into a rental after I have been living here for one year.

If I purchase my 5th property as a primary residence and convert the prior primary into a rental (total of 4 rentals and 1 primary), can I still put down 5% for my new primary and not be subject to the rules of the 5-10 property requirements?

I am sure that someone knows this answer because they either have done this or know someone who has done this.

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