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The Water Cooler
General Discussion
Buying first house, stationed at Altus AFB. HELP!
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<blockquote data-quote="John6185" data-source="post: 3145276" data-attributes="member: 25679"><p>I kow a lot of people that bought-letting the BAQ pay for the home lived in it as long as their assignment held there and then they PCS'd and rented it out. Later when they either sold it at a profit or retired and moved back in... One guy I knew skirted the IRS and said he rented it out for an extra three months after the tenant left and he installed new carpet, cabinets etc and took the cost off of his taxes and then he moved back into the house. I didn't respect him much.</p></blockquote><p></p>
[QUOTE="John6185, post: 3145276, member: 25679"] I kow a lot of people that bought-letting the BAQ pay for the home lived in it as long as their assignment held there and then they PCS'd and rented it out. Later when they either sold it at a profit or retired and moved back in... One guy I knew skirted the IRS and said he rented it out for an extra three months after the tenant left and he installed new carpet, cabinets etc and took the cost off of his taxes and then he moved back into the house. I didn't respect him much. [/QUOTE]
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The Water Cooler
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Buying first house, stationed at Altus AFB. HELP!
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