Updated over 11 years ago on . Most recent reply
First time homebuyers program through FHA qualifications
Hello all..just a quick question from a newbie here. I just purchased an investment property through auction.com. I have never purchased any real estate before. I am paying cash for this property. I want to register this property under my LLC so that it is not attached to my name so that I can qualify for first time homebuyers programs through FHA when it comes to buying a 4-plex which will be owner occupied wherever I choose to live back in the USA. Does anyone know if this strategy will work? I guess i am confused whether or not its like the first time to get a real estate loan that they look at under the first time homebuyers program or a first time to purchase a property. This is why I am unsure whether from a lending standpoint this property will cause me any challenges getting a first time homebuyers FHA loan. Hope that this makes sense. Any advice is appreciated..btw..I love bigger pockets.