Investing vs primary home

[Geeta Sharma]

Hi, we are planning on buying a primary residence in Austin which we will convert to investment later on when we move to bigger home. Right now builders are not selling to investors. I am not sure how our scenario qualify for purchase. Do you think builders can create trouble later on ? 

[Brooke Noth]

Hi @Geeta Sharma ! Love connecting with fellow Austinites! It sounds like you would be qualifying as a primary resident. It should be okay if you turn it into a rental later, as your initial intention was to occupy it as an owner occupant. How long would you be living in it? You'd want to make sure you live in it at least a year to qualify it as a primary residence.