{"id":136939,"date":"2021-04-09T09:30:00","date_gmt":"2021-04-09T15:30:00","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/first-time-home-buyer-taxes\/"},"modified":"2023-03-29T09:08:56","modified_gmt":"2023-03-29T15:08:56","slug":"first-time-home-buyer-taxes","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/first-time-home-buyer-taxes","title":{"rendered":"Gimme a Break: Tax Breaks That Benefit First-Time Homebuyers"},"content":{"rendered":"\n\n      <iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC1284976358&#038;light=false\" width=\"100%\"><\/iframe>  \n\n\n\n\n<p>Buying a home for the first time can feel financially overwhelming. You build up a nice nest egg to use as a down payment, then with a few pen strokes and a wire transfer, your savings account shrinks like a grape in the sun. Add in moving costs, utility transfers, and furnishings, and it\u2019s enough to make a first-time homebuyer\u2019s head spin.<\/p>\n\n\n\n<p>But here\u2019s the good news: When it comes to income taxes, homeowners currently have multiple opportunities to save money in the form of credits and deductions. Plus, with President Biden\u2019s proposed first-time homebuyer tax credit, there\u2019s a possibility for even more savings.<\/p>\n\n\n\n<p>Before you start searching the couch cushions for spare change, let\u2019s take a look at some of the financial tax benefits that first-time homebuyers can take advantage of.<\/p>\n\n\n\n<div class=\"wp-block-group alignwide\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n<\/div><\/div>\n\n\n\n<div id=\"hero-block_62df1a82bfc88\" class=\"first:mt-0 hero-block py-4    has-background has-slate-200-background-color has-text-color has-theme-gold-color\">\n    <div\n        class=\"gap-10 lg:gap-20 flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n\n        <div class=\"relative z-30 lg:w-2\/3 \">\n            <main class=\"py-4\">\n                \n\n<p class=\"has-slate-800-color has-text-color has-large-font-size\" style=\"font-style:normal;font-weight:800\">Buy your first house with your eyes wide open<\/p>\n\n\n\n<p class=\"my-3 md:my-5 lg:my-8 has-slate-900-color has-text-color\" style=\"font-size:16px\">Outsmart the world\u2019s most common financial trap! From BiggerPockets CEO Scott Trench and podcast co-host Mindy Jensen, learn how your home purchase can destroy your wealth\u2026 or generate even more. <\/p>\n\n\n\n<div id=button-custom-event-block_64134fe56b103 class='button-custom-event'>\n      <a href=\"https:\/\/store.biggerpockets.com\/products\/first-time-home-buyer?utm_source=blog&#038;utm_medium=marketing_block\" x-on:click=\"window.analytics.track(&#039;Blog Block | Publishing: FTHB&#039;, {\n      referrer: &#039;https:\/\/www.biggerpockets.com\/blog\/first-time-home-buyer-taxes&#039;,\n    });\" class=\" btn-shape inline-block no-underline has-background has-theme-gold-background-color has-text-color has-white-color\" target=\"_blank\">Get Your Copy<\/a>\n  <\/div>\n\n            <\/main>\n        <\/div>\n\n                <div class=\"lg:w-1\/3 first:mt-0 relative h-full lg:flex lg:items-center\">\n            <img decoding=\"async\" class=\"object-cover w-full relative z-20 my-0  rounded-md hidden lg:block\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/03\/first-time-home-buyer.jpeg\" alt=\"\" title=\"\">\n        <\/div>\n            <\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\">First-time homebuyer tax credit<\/h2>\n\n\n\n<p>The Obama administration enacted the original first-time homebuyer tax credit in 2008 as a response to the housing crisis.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.biggerpockets.com\/users\/LindaW9\" target=\"_blank\">Linda Weygant<\/a>, a CPA and investor in Colorado, says, \u201cThese credits were great because they really helped homebuyers to be able to afford their first home.\u201d<\/p>\n\n\n\n<p>True to its name, the first-time homebuyer tax credit was designed exclusively for buyers who had not owned a home in the previous three years. Terms varied, but basically, homebuyers were able to take a credit of up to $8,000 by the time the program ended in September of 2010.<\/p>\n\n\n\n<p>Though the original credit has timed out, President Biden has proposed a new first-time homebuyer credit for the coming year. In theory, this new tax credit of up to $15,000 would be instantly available at the closing table. That means immediate financial benefits could be realized rather than waiting until tax filing in the following year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Tax breaks all homebuyers can receive<\/h2>\n\n\n\n<p>Whether or not the first-time homebuyer\u2019s tax credit is passed, there are still several tax breaks that first-time homebuyers should be aware of.<\/p>\n\n\n\n<p>As you\u2019re considering the following tax reductions, keep in mind the difference between deductions and credits.<\/p>\n\n\n\n<p>Credits reduce the amount of tax. In most cases, a credit comes right off the bottom line if there is tax owed; in some cases, credits actually increase the amount of a refund.<\/p>\n\n\n\n<p>Deductions reduce the amount of taxable income (and subsequently, the tax rate). Deductions are never \u201cmoney in your pocket.\u201d Instead, they simply decrease the amount to be taxed. Remember, each year there is a standard, flat deduction offered, and taxpayers can always choose whether to itemize their deductions or take the standard deduction. Unless the sum total of all eligible deductions exceeds the standard deduction, there is no tax break realized by the following itemized deductions.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.biggerpockets.com\/users\/Natalierose\" target=\"_blank\">Natalie Kolodij<\/a>, CEO of Kolodij Tax and Consulting, says, \u201cThe Tax Cuts and Jobs Act doubled the standard deduction to $12,000 for singles or $24,000 for couples. With the new increased standard deduction, many people no longer get to itemize. The standard tends to be higher for many more people, especially with homes less than $300,000.\u201d<\/p>\n\n\n\n<p>That said, it\u2019s still in your best interest to be aware of the options so that you can determine what\u2019s best in your particular situation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Mortgage interest deduction<\/h3>\n\n\n\n<p>You\u2019re probably familiar with the mortgage interest deduction; most lenders will mention this as you\u2019re moving through the loan application phase. This common deduction allows homebuyers to count the interest paid on their loan against their taxable income each year. Right now, the limit of the loan amount is $750,000; any interest paid on a home loan valued at or less than $750,000 is eligible for deduction.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Points and loan origination fee deduction<\/h3>\n\n\n\n<p>Some first-time homebuyers pay points (also known as loan origination fees) to reduce the amount of interest on their mortgage. One point is usually equal to 1% of the loan.<\/p>\n\n\n\n<p>Since points represent interest paid upfront, they also qualify as a tax deduction. Some homebuyers are able to deduct the full points amount in the year they were paid; others are required to deduct points over the life of the loan.<\/p>\n\n\n\n<p>Homebuyers can deduct the full amount in the year paid as long as all the following apply:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The points were paid for your primary residence.<\/li>\n\n\n\n<li>The points were paid in cash (not built into the loan).<\/li>\n\n\n\n<li>The points were customary for your area (both in practice and in amount).<\/li>\n\n\n\n<li>The points were clearly shown as a percentage of principal on the HUD statement (not used in place of other fees like appraisals, inspections, etc.).<\/li>\n<\/ul>\n\n\n\n<p>Weygant says, \u201cA first-time homebuyer can see significant savings on their taxes if they pay it in one lump sum in the year of purchase.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Property tax deduction<\/h3>\n\n\n\n<p>Property taxes can also be deducted from your taxable income when filing your federal income taxes. However, the total combined deduction of property taxes, state taxes, and local taxes cannot exceed $10,000.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Residential energy credit<\/h3>\n\n\n\n<p>As a general rule, the residential energy credit allows homeowners to claim 10% of the cost of qualified energy-efficient improvements (such as windows, doors, insulations, and some roofs) and\/or a certain percentage of energy property expenses (such as heaters, AC units, and water heaters).<\/p>\n\n\n\n<p>There are limits to what items qualify, as well as overall lifetime limits that apply. In addition, the credit is nonrefundable, meaning it can bring your owed tax to $0 but no further (you cannot get money paid to you). It may also change the cost basis when you go to sell the home (which could influence capital gains tax, if applicable). So you\u2019ll want to be strategic in how you utilize this benefit.<\/p>\n\n\n\n<p>Weygant says, \u201cEnergy credits are beneficial, but not something you want to just do for the tax credit. You&#8217;ll want to make sure that your cost savings make up for the purchase of the item.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Local benefits<\/h3>\n\n\n\n<p>Though not everyone qualifies for tax breaks at the federal level, there may be tax savings to look into at the state and local levels.<\/p>\n\n\n\n<p>Kolodij says, \u201cMany states and counties offer credits for historic homes, general renovations, or purchasing in certain areas. Homebuyers should search their state, county, and city websites for any tax credits they may potentially qualify for related to their purchase.\u201d<\/p>\n\n\n\n<p>She also encourages homeowners to think about taxes related to renovations. \u201cIf you live in a state without state income tax, you should be mindful of sales tax paid on large items like renovations. The combined spending on sales tax on large items like renovations may increase itemized deductions.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Tax pro tips for first-time homebuyers<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Keep your HUD statement and major receipts<\/h3>\n\n\n\n<p>Weyant says, \u201cMake sure you keep your settlement statement from the purchase of your home forever. This document will be important if you convert it to a rental or if you sell it later. Also keep the invoices for major improvements that you do to the house (room additions, major remodels, etc) for the same reason.\u201d<\/p>\n\n\n\n<p>Kolodij concurs, adding, \u201cThe HUD\/ALTA statement is very important. This is different from the CD (loan statement). Any costs put into the house should be tracked, especially in a high appreciation area where you may exceed the gain exclusion on a sale.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Check the property tax assessment<\/h3>\n\n\n\n<p>Every homebuyer should look into exactly how their property taxes are assessed. This is important from a property tax perspective, of course, and could also affect federal income taxes in the future.<\/p>\n\n\n\n<p>Kolodij says, \u201cHomebuyers should review the county assessor&#8217;s allocation percentage between land vs. buildings if there&#8217;s a chance they will be renting the property in the future or utilizing part of it for a business purpose. The more value an assessor allocates to the building, the greater depreciation deduction they will qualify for in those situations.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Think through tax-free income<\/h3>\n\n\n\n<p>Using your home to generate tax-free income can help offset some of the costs of ownership. Kolodij likes to inform first-time homebuyers of these two options:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Rent your primary home for up to 14 days each year tax-free<\/strong>. You don&#8217;t report any of the income or any expenses as rental expenses. If you live somewhere where there&#8217;s a large annual event that attracts tourists, you can rent your house, stay with friends\/family, and make a significant amount of money tax-free.<\/li>\n\n\n\n<li><strong>Rent rooms within your house as a house hack. <\/strong>If you do this, you&#8217;ll still qualify for the full primary homeowners exclusion when you sell the house. This means that even though part of the home brought in rental\/business income, you can still sell fully tax-free with only a potential amount of depreciation recapture.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">Hire a professional<\/h3>\n\n\n\n<p>Weyant says, \u201cThe home buying process can be very stressful. Between mortgage requirements, inspections, and making sure you buy at the right price, there&#8217;s a lot to remember! The tax issues on the other side are relatively simple, but if you&#8217;re ever unsure about something, consult with a qualified tax professional. A CPA (Certified Public Accountant) or EA (Enrolled Agent) is best.\u201d<\/p>\n\n\n\n<p>Whether or not you can take advantage of home-related tax benefits, remember that buying your first home is a major accomplishment and a huge step forward in your wealth-generating investment portfolio.<\/p>\n\n\n\n  <div id=\"posts_lists-block_606f5eaaf7205\" class=\"  my-10\">\n    <div class=\"\">\n      <!-- Column One -->\n      <div>\n                  <h2 class=\"mt-0 mb-1 js-toc-ignore\">\n            Get ready to buy your first home          <\/h2>  \n                  \n                  <div class=\"mt-1 mb-0 text-sm mb-2 excerpt\">\n            Learn more about buying and selling property at BiggerPockets          <\/div>\n        \n                  <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/buying-selling\" class=\"no-underline text-themeBlue-medium hover:underline uppercase font-semibold text-sm\" target=\"_blank\">Buying &amp; Selling<\/a>\n        \n        <div class=\"grid grid-cols-1 gap-y-4 lg:gap-y-7 mt-5\">\n          \n<article \n\tid=\"post-186977\" \n\tclass=\"content-card mb-0 flex flex-col  post-186977 post type-post status-publish format-standard has-post-thumbnail hentry category-buying-selling\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/how-to-make-a-cash-offer-without-cash\" target=\"_blank\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"340\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/07\/cash-transactions-340x225.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"How to Make a Cash Offer Without Cash\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/buying-selling\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Buying &amp; Selling<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">5 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/04\/cropped-Tony02-1-scaled-1-150x150.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2026-02-26T11:23:35-07:00\">Feb 26, 2026<\/time><time class=\"updated\" datetime=\"2026-02-26T11:23:38-07:00\">Feb 26, 2026<\/time><\/span><\/span>&nbsp;<a href=\"https:\/\/www.biggerpockets.com\/blog\/contributors\/tonyrobinson\" class=\"no-underline line-clamp-1\" target=\"_blank\">Tony Robinson<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/how-to-make-a-cash-offer-without-cash\" rel=\"bookmark\" class=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tHow to Make a Cash Offer Without Cash\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">This article is presented by Dominion Financial. Here&#8217;s something most real estate investors figure out the hard way: The best deals don&#8217;t go to the highest bidder. They go to&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"186977\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-186977 -->\n<article \n\tid=\"post-145476\" \n\tclass=\"content-card mb-0 flex flex-col  post-145476 post type-post status-publish format-standard has-post-thumbnail hentry category-biggerpockets-daily category-buying-selling\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/rent-to-own-homes\" target=\"_blank\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"340\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/11\/rent-to-own-1-340x225.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"How Does Rent to Own Work?\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/biggerpockets-daily\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">BiggerPockets Daily<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">8 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/05\/cropped-janephoto-150x150.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2022-11-04T11:11:00-06:00\">Nov 04, 2022<\/time><time class=\"updated\" datetime=\"2023-12-22T13:23:27-07:00\">Dec 22, 2023<\/time><\/span><\/span>&nbsp;<a href=\"https:\/\/www.biggerpockets.com\/blog\/contributors\/jane-meggitt\" class=\"no-underline line-clamp-1\" target=\"_blank\">Jane Meggitt<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/rent-to-own-homes\" rel=\"bookmark\" class=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tHow Does Rent to Own Work?\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">Rent-to-own homes is a way for you to buy a home while renting it for a certain period of time. We&#8217;ll explain what it is and how it works for&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"145476\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-145476 -->\n<article \n\tid=\"post-140459\" \n\tclass=\"content-card mb-0 flex flex-col  post-140459 post type-post status-publish format-standard has-post-thumbnail hentry category-buying-selling category-mobile-homes\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/institutional-investors-flocking-to-mobile-home-parks\" target=\"_blank\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"332\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/10\/Institutional-Investors-Mobile-Homes-560x380.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"Why Are Institutional Investors Flocking to Mobile Home Parks?\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/buying-selling\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Buying &amp; Selling<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">4 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/bp-wp-migration.s3.amazonaws.com\/author_avatars\/214608.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2021-10-27T08:04:34-06:00\">Oct 27, 2021<\/time><time class=\"updated\" datetime=\"2024-01-29T15:16:15-07:00\">Jan 29, 2024<\/time><\/span><\/span>&nbsp;<a href=\"https:\/\/www.biggerpockets.com\/blog\/contributors\/paulmoore\" class=\"no-underline line-clamp-1\" target=\"_blank\">Paul Moore<svg class=\"h-5 inline ml-2\" viewBox=\"0 0 21 21\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><g clip-path=\"url(#a)\"><path d=\"M19.253 5.25a1.75 1.75 0 0 0-1.663 2.29l-1.42.902a2.188 2.188 0 0 1-2.868-.46L11.91 6.28a1.73 1.73 0 0 0 .342-1.03 1.75 1.75 0 1 0-3.5 0c0 .37.12.732.34 1.03L7.701 7.982a2.188 2.188 0 0 1-2.868.46l-1.42-.903a1.75 1.75 0 1 0-1.816 1.203l1.035 6.205a.438.438 0 0 0 .43.366H17.94a.437.437 0 0 0 .431-.366l1.035-6.204a1.75 1.75 0 0 0-.153-3.494Z\" fill=\"#FFC107\"\/><path d=\"M10.502 17.064c4.108 0 7.438-.98 7.438-2.188 0-1.208-3.33-2.188-7.438-2.188-4.109 0-7.439.98-7.439 2.188 0 1.208 3.33 2.188 7.439 2.188Z\" fill=\"#FFA000\"\/><path d=\"M10.502 17.501c-3.915 0-7.877-.901-7.877-2.625s3.962-2.625 7.877-2.625c3.914 0 7.876.9 7.876 2.625 0 1.724-3.962 2.625-7.876 2.625Zm0-4.375c-4.597 0-7.001 1.137-7.001 1.75s2.404 1.75 7 1.75c4.597 0 7.002-1.138 7.002-1.75 0-.613-2.405-1.75-7.001-1.75Z\" fill=\"#FFD54F\"\/><\/g><defs><clipPath id=\"a\"><path fill=\"#fff\" d=\"M0 0h21v21H0z\"\/><\/clipPath><\/defs><\/svg><\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/institutional-investors-flocking-to-mobile-home-parks\" rel=\"bookmark\" class=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tWhy Are Institutional Investors Flocking to Mobile Home Parks?\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">The data is in about why institutional investors have been purchasing mobile home parks. And it\u2019s quite surprising. Sam Zell, one of America\u2019s most successful real estate investors, was right.&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"140459\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-140459 -->\n<article \n\tid=\"post-140427\" \n\tclass=\"content-card mb-0 flex flex-col  post-140427 post type-post status-publish format-standard has-post-thumbnail hentry category-biggerpockets-daily category-buying-selling\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/short-term-rental-market-watch\" target=\"_blank\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"332\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/10\/Short-term-rental-market-watch-560x380.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"It\u2019s Not Too Late to Join the Short-Term Rental Investing Game\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/biggerpockets-daily\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">BiggerPockets Daily<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">4 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/bp-wp-migration.s3.amazonaws.com\/author_avatars\/108611.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2021-10-25T08:28:00-06:00\">Oct 25, 2021<\/time><time class=\"updated\" datetime=\"2024-01-29T15:18:26-07:00\">Jan 29, 2024<\/time><\/span><\/span>&nbsp;<a href=\"https:\/\/www.biggerpockets.com\/blog\/contributors\/davemeyer-2\" class=\"no-underline line-clamp-1\" target=\"_blank\">Dave Meyer<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/short-term-rental-market-watch\" rel=\"bookmark\" class=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tIt\u2019s Not Too Late to Join the Short-Term Rental Investing Game\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">It\u2019s never been a better time to be a short-term rental investor. Short-term rental investing, otherwise known as Airbnb or VRBO hosting, has been one of the hottest strategies for&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"140427\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-140427 -->        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n\n  ","protected":false},"excerpt":{"rendered":"<p>Before you start searching the couch cushions for spare change, take a look at some of the financial tax benefits for first-time homebuyers.<\/p>\n","protected":false},"author":1687,"featured_media":136972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7119,5524],"tags":[209,7229,7230,5975],"class_list":["post-136939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-daily","category-real-estate-investing-for-beginners","tag-business","tag-real-estate-investing-basics","tag-rookie-comm","tag-taxes"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/136939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/1687"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=136939"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/136939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/136972"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=136939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=136939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=136939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}