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Real Estate News & Current Events

User Stats

32
Posts
6
Votes
Jerry Maggiore
  • Goshen, NY
6
Votes |
32
Posts

Buying first house/condo WITHOUT using first time buyers loan

Jerry Maggiore
  • Goshen, NY
Posted Jul 26 2019, 03:03

Hi, I’m wondering if I start investing. Let’s say wholesaling; when I take out a loan to pay, am I using my first time home buyers loan?

Can I buy a condo without using my first time home buyers loan?

The reason I'm asking is because I want to start REI but don't want to use my first time home buyers ability because I'm waiting for my annuity to get $100k in so I can put down on a house.

When I take out my annuity to buy a house they don’t charge me ANY fee to take out my annuity soon. And that would be a nice down payment on a house

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