Quote:
Originally Posted by yameen
my main objective is to live in it and when i get married and have kids, then upgrade to a townhome. i'm not really interested in flipping. i just want to have my own place.
however though, i'm also thinking of possibly renting it out for a bit until i'm actually thinking about marriage, then moving in afterwards.
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If you're a first-time home owner, you won't qualify for the purchase property tax exemption if you buy a unit and rent it out right away. You have to live in the unit for at least 1 year to qualify. You'll be out a few thousand bucks.