After all this thinking I've done about renting my house and potentially moving somewhere else, after a good conversation with Matt in which I realized I'd go anywhere (at least for awhile) that he wanted to go (I don't care, I'd follow him for a bit, I just want to be with him), I come back to my house, check my mail... and there's a reminder letter from the IRS that to keep my First-Time Homebuyer Credit valid, I have to use this house as my primary residence for at least three years after I purchased it. That means til January 2012, or at least 15 months from now.
Wow. What timing. Literally I came home in part to clean up Amy's room/guestroom and repaint so I'd be a little closer to trying to rent it out, and think more seriously about my options there.
The blessing part is that I actually received this notice. I don't remember seeing this requirement before. What are the odds I'd receive this just as I was thinking of converting for rental use, which is clearly stated as a situation in which the home is no longer a primary residence. What if I hadn't know about this, hadn't looked into it (cause I thought only my FHA loan had qualifications like that, and theirs was only 1yr), rented my house and then been slapped with this after I filed my taxes, with a requirement to repay the credit in full? That'd have been terrible!
So my options are 1- keep this as my primary residence til Jan 2012, 2- rent it or sell it in the next 15 months and repay $8000... Maybe Matt would move here. He did mention it as an option recently, though he has no job lined up (though he could). I feel bad asking him to move here though after he'd already told me that he feels like he's always made decisions for others, not for himself. Maybe he could feel like it was for him, because it would benefit him? I do have a beautiful house with a yard for the dogs and his money wouldn't be thrown away on rent (umm, if he had long-term plans to really be with me, ie marry me). OR maybe I could get roommates again and rent out my master bedroom and move myself into one of the smaller rooms... as long as this could still be considered my primary residence.
I dunno. Does God/Creator/my Guides and Angels have a plan? Or is it all just chaos? Or am I creating it? But why do things pop up that I don't expect that seem to be barriers to what I just was thinking I wanted to do? Obstacles... How do I look at this as a positive opportunity, and not feel disappointed and trapped, or feel like I could work around it but it'll be so much more complicated?
3 comments:
Gretchen,
If you do end up moving to or near Portland, I'd be happy to play "tour guide" for you and show you different neighborhoods and talk to you about the city and surrounding areas. Of course, you have lots to think about across the board but just know I'm always here to help out any way I can.
Your Friend,
Nathan
I'm just a law student... but I think it's "moot" point.
Better?
Post a Comment