Primary Residence Requirements

[Bret Gillespie]

So my wife and I are looking at options to add a property without having to put a ton of money down and thinking about changing our primary residence, however, still want to stay in our current home at least part time. What are the minimal requirements to have a property legally be our primary residence. I know we need our mail sent there, utility bills in our name, and supposedly stay there "a majority of the time", but is there anybody out there that has a better hold on this?

Feel free to direct message me as well and we can text or talk on the phone about this as well. I am just trying to do whatever it takes to make our portfolio grow, but obviously want to stay within the laws of our country. I am in coastal NC.

Thanks!!

[Brie Schmidt]

@Bret Gillespie - It must be your primary residence for 1 year - I can't imagine paying two mortgages for a year would be worth the cost just to get an owner occupied loan