1st time Home Buyer vs Purchasing Income Property as an LLC

1st time Home Buyer vs Purchasing Income Property as an LLC

Investor · Washington, DC · Member since 2016 · 22 posts · 11 votes

Does anyone know whether I'd qualify as a 1st time home buyer, if I were to purchase an income property under an LLC or business before I actually purchase a home as an individual?

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  • Real Estate Agent · Cedar Creek, TX · Member since 2010 · 161 posts · 63 votes
    10y

    The way that I understand it, you are considered a first time home buyer if you have not occupied a house that you purchased in the last two years. Double check me by doing a quick google search, the FHA guidelines are easy to find and they have a great website.

  • Investor · Washington, DC · Member since 2016 · 22 posts · 11 votes
    10y

    Thanks for that @Tamara Elliott-Deering

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