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long term renting a second home
Hello everyone my name is chibueze but i go by chip, I am fairly new to real estate my wife and I just purchased our first home and working on the second.The second property will be listed as a second home to get a better interest rate but this property will be used as a long term rental. My question is how do I go about renting it out to a tenant long term while also following the guideline sent by IRS.
Thanks for any feedback.
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John Underwood
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Your asking about a long term lease in the STR (Short Term Rental) forum.
If your not planning on staying in your second home at all, then this is mortgage fraud.