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All Forum Posts by: Dewayne Lanier

Dewayne Lanier has started 1 posts and replied 1 times.

Buying & Selling Real Estate

Post: Buying a Duplex as a second/vacation home

Dewayne LanierPosted
  • Westminster, CO
  • Posts 1
  • Votes 0

I am thinking of purchasing a duplex as a vacation home in another state. First, can I do this? Second, can I rent out one half full time and Air BnB the other half when I'm not using it? Also, is this type f property subject to the same 2 year owner occupied restrictions when selling the property to avoid capital gains? In other words could I sell this property after 2 years and avoid cap gains tax without doing a 1031 exchange? 

0 Votes