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If I don’t claim a homestead because I rent, can I claim a gifted 1-4 single family residence property as an investment property?
Asked on June 5, 2009 under Real Estate Law, Texas
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Good question. Review the following because I am not sure where you are going with it. Further, investment property is usually non-owner occupied property. So, in essence, your investment property cannot be your homestead.