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.
General Landlording & Rental Properties
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 almost 4 years ago, 01/18/2021

User Stats

2
Posts
0
Votes
Jeremiah Lewis
  • Wasilla, AK
0
Votes |
2
Posts

Renting while living

Jeremiah Lewis
  • Wasilla, AK
Posted

Hey all, first post!

Anyway, hopefully I posted in the right section. So I currently own a single family home and just purchased an additional 10 acres I'm going to build another house on, I just refinanced the S/F home from a 30 to 15 and dropped 1% off the interest rate (2.625). Now that I have that squared away, I am after the equity, so my Rental question. As far as I understand, the depreciation I can claim on taxes on that house as long as it is listed for rent is the value/27.5 years, BUT, it has to be listed and active, is it legal for me to list it as available while I'm still in it as far as something like "For rent, available Feb 1" which technically it would be and that's fine if someone wants it they can have it. Kind of a stupid question and I'm sure of it I know the answer I don't see what the issue with doing that would be but you guys/gals are the experts at this and any helpful advice would be appreciated, I'm here to learn. Thanks!

Loading replies...