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Tax, SDIRAs & Cost Segregation

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Tim Heindl
  • Mount Joy, PA
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Primary Residence vs. Investment Property

Tim Heindl
  • Mount Joy, PA
Posted Dec 6 2017, 17:08

Hello All,

I know there are several posts here on BiggerPockets regarding treatment of primary residence vs. investment property but this question applies to my specific situation.  We are looking to purchase a rehab, make renovations, and sell within 6 months.  Clearly, this falls into the investment category.  

However, the property is closer to my work than my current home and my family situation would allow me to live there full time during the rehab.  Can I finance this as a primary residence (even though I have intentions of selling short-term) by living there during the rehab?

Thanks!

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