Answers.com>Wiki Answers>Categories>Home & Garden>Renting>Is there a Federal law that you can rent out your permanent home for less than 24 months and still qualify for the 500 000 dollars allowed to married couples when you sell it?
Is there a Federal law that you can rent out your permanent home for less than 24 months and still qualify for the 500 000 dollars allowed to married couples when you sell it?
You can check me on this answer but I BELIEVE that you need to reside in and occupy the home for at least 3 out of the past 5 years in order to qualify.
If you purchased the HUD home initially as a residence,rather than investment property, you are usually required to occupy the home as such for a certain number of years, described in your mortgage...
Could be worth something, depending on its condition and variety (signature combinations, variants, etc). Send a scan, I appraise for free: support@papermoneysite.us and will buy notes too.