If i purchase a rental property would i still qualify as a new home buyer?
June 1st, 2010 | by admin |I am considering purchasing a rental property with a family member but i am worried i will not qualify for the new home buyer tax status.
No, investment property never does.
3 Responses to “If i purchase a rental property would i still qualify as a new home buyer?”
By neworleansdeborah on Jun 2, 2010 | Reply
The tax credit expired April 30th. The home needed to be your own residence or you wouldn’t have received the tax credit anyway.
References :
By Landlord on Jun 2, 2010 | Reply
No, investment property never does.
References :
By real estate guy on Jun 2, 2010 | Reply
A. the tax credit expired April 30. You had to have a SIGNED contract by 4/30 and then SETTLE by June 30.
B. No rental properties were NOT covered for the tax credits.
References :