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Updated about 17 years ago on .

User Stats

46
Posts
1
Votes
Jeffrey Hanlon
  • Investor
  • Wall Township, NJ
1
Votes |
46
Posts

First Time Homebuyer Question....

Jeffrey Hanlon
  • Investor
  • Wall Township, NJ
Posted

Hey everyone, I personally am not a "first Time Homebuyer", but my investing partner will be. My sister-in-law is going to invest with me in SFH rentals. She wants to know though if we go the route of LLC and apply for mortgage through LLC and become personal Guarantors, will it affect her ability to get "First Time Homebuyer" status and perks while applying for her own mortgage when she gets her own place to live? I don't think so, since its not her personal home and she's only a guarantor on the loan, but I'm just hypothesizing here.... Thanks