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Updated over 4 years ago on . Most recent reply

User Stats

38
Posts
14
Votes
Mark Belenky
  • Investor
  • Kearny, NJ
14
Votes |
38
Posts

1st Time Home Buyer or 1st Time Investment Property ?

Mark Belenky
  • Investor
  • Kearny, NJ
Posted

Preamble: 

My girlfriend and I are currently living together in our first house hack and we're looking into what our next step in real estate investing should be.  She's never bought a primary home for herself so, she's eligible for the 1st Time Home Buyer incentives.  

The Question:

If my girl buys her first investment property can she use the 1st Time Home Buyers program on it and if not, can she still use the 1st Time Home Buyers Program for her first personal home purchase after she buys the investment property? 

  • Mark Belenky
  • Most Popular Reply

    User Stats

    76
    Posts
    16
    Votes
    Justin Schaefer
    • Real Estate Investor
    • Mukwonago, WI
    16
    Votes |
    76
    Posts
    Justin Schaefer
    • Real Estate Investor
    • Mukwonago, WI
    Replied

    @Mark Belenky congrats. It is my understanding though, that the only way she would be able to use those incentives would be if she lived in it for at least one year. Moving out prior to 1 year, or not moving in at all could be construed as mortgage fraud so be careful with that. Good luck!

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