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Updated over 2 years ago on . Most recent reply

User Stats

66
Posts
28
Votes
Lisa Wright
  • Real Estate Agent
  • Metro Detroit
28
Votes |
66
Posts

Homesteading a multi family

Lisa Wright
  • Real Estate Agent
  • Metro Detroit
Posted

Hey I am researching the house my sister is renting. She has one of 6 units.  They did an odd lease renewal so I'm suspecting it might go up for sale.  

If she lived there and I moved in to a unit, would we be able to homestead, or not pay the rental tax rates?   Based on the area it would jump up substantially with a sale.

Just pondering and considering reaching out to the owner.  He has owned it for 20 years.  

Thank you!

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