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Updated over 2 years ago on . Most recent reply

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Dash Black
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Any way to not lose "First Time Home Buyer" program w/ investment property?

Dash Black
Posted

Hi, all. We are looking into an STR investment but don't want to lose our First Time Home Buyer status for lower down payments in the future once we're ready to buy our own home. A family member suggested opening an LLC and purchasing the home with the entity in order to keep our own names off of the mortgage. We are in California in the Bay Area. Any thoughts on this or other ways to be smart with our tactics? Thanks in advance!

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