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Updated about 6 years ago on . Most recent reply

Amber McGill's profile image
Amber McGill's profile image
Amber McGill
  • from Philadelphia, Pennsylvania
  • Member since May 19, 2017

User Stats

10
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3
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Amber McGill's profile image
Amber McGill's profile image
Amber McGill
  • from Philadelphia, Pennsylvania
  • Member since May 19, 2017
Amber McGill
  • Philadelphia, PA
3
Votes |
10
Posts
Starting Out

First Timer - Will flipping hurt me later?

Amber McGill
  • Philadelphia, PA
Posted

Hi All!

I am interested in getting into REI by flipping properties using hard money through an LLC. I have all of the things needed to qualify for hard money but I haven't purchased a primary residence because I'm in grad school & don't meet the DTI requirements yet (like most millennials 🤷🏾‍♀️).

Will flipping through an LLC prevent me from being a first time home buyer when I'm ready to purchase a primary residence?? I have no clear idea of what state I will end up in at this time or if that will impact the answer.

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