Dallas, TX · Member since 2014 · 650 posts · 53 votes
i'm looking at a property that could be a homestead.
My job may afford an opportunity for me to move into it and that is my intent upon purchasing it. However, if things change and I am relocated in the near future, how does that affect the homestead distinction if I rent it out? I'd prefer not to buy it and then have to sell it very quickly so would like to better understand the way it works as a homestead that later becomes a rental should i be put in that situation.
Buy & Hold Owner · Redlands, CA · Member since 2015 · 5k+ posts · 2k+ votes
9y
It becomes void when/if discovered. A Homestead is only applicable to your personal residence, but it can be moved by rescinding the existing and declaring another.