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William just purchased a residential investment property for $225,000. William is 60, married, and will not occupy the property. Will this new property qualify for a homestead e…

William just purchased a residential investment property for $225,000. William is 60, married, and will not occupy the property. Will this new property qualify for a homestead e…
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William just purchased a residential investment property for $225,000. William is 60, married, and will not occupy the property. Will this new property qualify for a homestead exemption?

asked
User DaveV
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8.1k points

1 Answer

6 votes
No, because he has to reside on the property to qualify for a homestead exemption.
answered
User Rohan Panchal
by
8.4k points
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