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17
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Alejandro Romero
  • San Diego, CA
10
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17
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Purchasing in Yuma, Arizona

Alejandro Romero
  • San Diego, CA
Posted

I was wondering if it would be a good idea to purchase in Yuma, Arizona. I live in San Diego and I believe I could claim it as a primary residence and put down 3% 

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48
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88
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Casey Roloff
  • Investor
  • Yuma, AZ
88
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48
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Casey Roloff
  • Investor
  • Yuma, AZ
Replied

Yuma has been very kind to me and my family.  We currently own 42 doors, and only have 2 vacancies because they are not in a habitable state.

I will advise that you must occupy a “primary residence” for at least a year in most circumstances, and anything other than occupancy will be considered fraud.  If you are a new investor, don’t begin down that path.  The temporary benefit will not outweigh the long term consequences.

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