Skip to content
Innovative Strategies

User Stats

15
Posts
8
Votes
Justin Furtado
  • New to Real Estate
  • Southern California
8
Votes |
15
Posts

Feeling trapped need help

Justin Furtado
  • New to Real Estate
  • Southern California
Posted Feb 17 2020, 15:19

So I bought my first home in 2010 in Huntington Beach with a first time home buyer assistance program. The program gave me 100k interest free, however it’s an equity share program where they will get 100% of 20% of the equity during the first few years I’m in the home gradually decreasing the more years I’m in the home. Stipulations are that it needs to be my primary residence. I really want to keep my house and buy another with low money down live in it for a year or a few then repeat the process. Can anyone come up with a creative idea on this or am I stuck and have to sell give HB their equity share and start over? Thanks

Loading replies...