do i have to be an AZ resident to buy a property for rental use?
i heard somewhere to own a rental property, one must first be an AZ resident for two years……….any truth to that?
do i have to be an AZ resident to buy a property for rental use?
i heard somewhere to own a rental property, one must first be an AZ resident for two years……….any truth to that?
NO
Not true… I think the tax benefits change if you are a resident, though.
NO.
I don’t think so … I have few friends living in California and owns several properties in Nevada to rent out …
do not think so but laws may have changed since I lived there.
It is the mortgage people that want you to live in the house for a certain period of time or the developer. I work in a very large development in Texas…they require that you not lease your property for a certain period of time and so….everyone says sure….then guess what………………..they lease it, AZ is where my daughters old boyfriend walked across the boarder there in Las Vagas, bought 9 homes, one for himself, and the others to rent out. So he could retire at 40. He did so.
Have fun…buy the place…then turn it for a profit, bank the profit buy another, or buy two. I wish I have the money to do so. Go for it.
Answer: Nope !
I have clients from a few different states that own in AZ, I would like to help, email me.
Antal
AToth@Surefastmortgage.com