Homebuyer Credit for Rental investor

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  • BHoffman
    replied
    You are the BEST! Thanks BP!

      Leave a comment:

    • BP.
      replied
      Originally posted by BHoffman
      I have a young client who bought a house and has never resided there. It has always been a rental property. He has always rented an apartment as his residence.

      He bought a house for his primary residence within the time allowed for the credit and otherwise is eligible.
      From this site:

      http://www.federalhousingtaxcredit.com/faq.php


      “Ownership of a vacation home or rental property not used as a principal residence does not disqualify a buyer as a first-time home buyer.”

        Leave a comment:

      • BHoffman
        started a topic Homebuyer Credit for Rental investor

        Homebuyer Credit for Rental investor

        I have a young client who bought a house and has never resided there. It has always been a rental property. He has always rented an apartment as his residence.

        He bought a house for his primary residence within the time allowed for the credit and otherwise is eligible.
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