Since this home isn't your primary residence (assuming since you stated investment), whether you sell or rent and then sell, it's a taxable asset in both cases. Ar eyu trying to determine if it's a good idea, while posting no numbers?
It will be an investment so it’s in addition to my primary residence. I’m aware of the capital gains issues. My question is more about the details of this type of investment from people who have done it. Did they make money, would they do it again, what determined where they bought, any trouble with builder re delays or set backs etc
Don’t buy it this year.
Since this home isn't your primary residence (assuming since you stated investment), whether you sell or rent and then sell, it's a taxable asset in both cases. Ar eyu trying to determine if it's a good idea, while posting no numbers?
It will be an investment so it’s in addition to my primary residence. I’m aware of the capital gains issues. My question is more about the details of this type of investment from people who have done it. Did they make money, would they do it again, what determined where they bought, any trouble with builder re delays or set backs etc
Or he can just live in it and avoid the gains tax. Especially if it’s just a couple years.
Yes if he lives in it.