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Updated over 4 years ago on . Most recent reply

User Stats

30
Posts
19
Votes
Chibueze Nwadigo
  • Rental Property Investor
  • Florida
19
Votes |
30
Posts

long term renting a second home

Chibueze Nwadigo
  • Rental Property Investor
  • Florida
Posted

Hello everyone my name is chibueze but i go by chip, I am  fairly new to real estate my wife and I just purchased our first home and working on the second.The second property will be listed as a second home to get a better interest rate but this property will be used as a long term rental. My question is how do I go about renting it out to a tenant long term while also following the guideline sent by IRS. 

Thanks for any feedback. 

  • Chibueze Nwadigo
  • Most Popular Reply

    User Stats

    13,231
    Posts
    16,380
    Votes
    John Underwood
    #1 Short-Term & Vacation Rental Discussions Contributor
    • Investor
    • Greer, SC
    16,380
    Votes |
    13,231
    Posts
    John Underwood
    #1 Short-Term & Vacation Rental Discussions Contributor
    • Investor
    • Greer, SC
    Replied

    Your asking about a long term lease in the STR (Short Term Rental) forum.

    If your not planning on staying in your second home at all, then this is mortgage fraud.

  • John Underwood
  • Loading replies...