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Updated almost 5 years ago on . Most recent reply

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Matthew Doyle
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Anyone with Denver Experience?

Matthew Doyle
Posted

I spent 6 years living in Denver and loved it, ended up selling our house (stupid move) and buying a condo in a ski town to live. With that being said I am interested in potentially buying a property in Denver to use as a STR.

I understand that it is primary residence only but what does that actually mean in practice? My wife and I are living abroad for the foreseeable future and could easily declare the property as our primary but I'm not sure how to evaluate all of this. I have no interest in taking any risk of walking a grey area or stepping over the line. I'm just curious if I can buy the property and have it as my primary residence on tax returns but not live there for the near term future as I am overseas. 

Anyone currently running STR(s) in Denver and have any insight on this?

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