Take advantage of first time home buying benefits or not?

[Ryan McKenney]

Hey Fam,

Stoked to finally be joining as an investor here soon! A few years ago the focus seemed to be to accumulate real estate with as little cash as possible. I don’t hear that as much anymore but wondering if it makes sense in my situation. 

My wife and I are buying an investment property but it’s our first home (we prefer renting because we don’t know where exactly we will be in the next 2-3 years). We plan on buying more single family’s and/or multifamilies even by the end of this year.

Should I take advantage of first time home buying and put only 5% down?
We have enough for 20% but shouldn’t we take advantage of not having to at least this once?

P.S. I understand the implications of a possible lower rate and no PMI