Question
my mom is buying a house and than renting to her daughter!?
We live in California and houses are so cheap right now. My mom is considering buying a house and renting it to me. Is it still considered an investment property? She is trying to get the tax credit offered right now. What type of loans does she qualify for? She currently owns a home and has A+ credit and 20k to put down. please only mature responses. my question isn't about me buying my own home! Quit judging people who post questions.
5 months ago - 2 answers
Best Answer
Chosen by Asker
It all depends on how old you are and if you are still in school. If she is claiming you on her tax returns as a dependent, no it is not a rental property. Otherwise, it could be. She should check with her CPA or accountant for precise answers.
by J K
5 months ago
Asker's Rating: 
Other Answers
Yes it will be an investment property for her. Stop being NOSEY. You should buy so you won't have to rent.
by babygirl_2sweet- 5 months ago