Post: Second home vs Investment property
Posted by wahoobie on 5/28/09
Hello. My mother is applying to assume the mortgage of a
house owned by an uncle for 10 years who hasn't been living
there for the past few years (because he got married and
moved elsewhere). The only person who lives at this house
is my aunt RENT-FREE. This house is also less than one mile
from my mother's primary residence. Can my mother claim the
other house as a SECOND HOME (not an investment property)?
We do not plan to rent it out. My aunt will continue to
live there rent-free.
Posts on this thread, including this one
- Second home vs Investment property, 5/28/09, by wahoobie.