Frequent question: When can you move into an investment property?

How long before you can move into an investment property?

To be eligible, you must meet one of the below conditions: The old property was your primary residence for a continuous period of at least three months in the twelve months before they sold it. You did not use the property to provide assessable income in any part of the twelve months prior to selling.

Can I change my primary residence to an investment property?

Once you’ve lived in the house for the required timeframe for your mortgage, you can begin turning your primary residence into a rental property. Although you might be eager to own rental property, owning a primary residence and converting it later has its advantages.



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Can you rent investment property to family?

The short answer is yes, but you do need to be careful about how you go about doing it so that you can still claim your tax deductions and that you can have a smooth rental process.

Can I rent out my house without telling my mortgage lender?


Can I live in my investment property?

The short answer is yes. You can live in your investment property. But there are tax implications that you need to take into account. If you want to actually rent your investment property to yourself only then read this post.

Do I need to change my mortgage if I rent my house?


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Can you sell a rental property and not pay capital gains?


What is the 2 out of 5 year rule?

The 2-out-of-five-year rule is a rule that states that you must have lived in your home for a minimum of two out of the last five years before the date of sale. However, these two years don’t have to be consecutive and you don’t have to live there on the date of the sale.

Do seniors have to pay capital gains?
