buying first house

[Pda]

hi, if someone lives with parents and want to buy his own house but instead of living there he continues to live with his parents and rents out his first purchased house will that house be considered as a primary residence or investment property. I know every person is entitled to own one primary residence.

 

[scylla]

hi, if someone lives with parents and want to buy his own house but instead of living there he continues to live with his parents and rents out his first purchased house will that house be considered as a primary residence or investment property. I know every person is entitled to own one primary residence.

No - this won't be classified as your primary residence.

You have to live there in order for the property to be classified as your primary residence.