Turn your rental property into your next home
Michael LaurenceJuly 17, 2013
This is the reverse of yesterday's strategy.
But be aware, once a rental property becomes your home, interest on any outstanding loan is no longer deductible.
Some astute investors would wait until the loan is repaid before turning their one-time investment property into their private home.
See our free ebook on the top 24 tax strategies for property investors.