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.
Tax Liens & Mortgage Notes
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 6 years ago,

User Stats

203
Posts
17
Votes
Pandu Chimata
  • Real Estate Professional
  • Glendora, CA
17
Votes |
203
Posts

Primary residence tax benefits

Pandu Chimata
  • Real Estate Professional
  • Glendora, CA
Posted

I have a primary residence at this time. I am planning to buy another house to move into the new house and then sell the existing house. So If I move to the new house and stay there for two years, would that be considered as a primary residence ? What is the record proof that the new house is the primary residence?

When I am buying the new house I will not be qualified for the primary residence interest rate but its considered as an investment property. So in the loan documents it will be registered as a investment property.

Loading replies...