Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

144
Posts
35
Votes
Mary Ann
  • Investor
  • Polk County, FL
35
Votes |
144
Posts

Will investment prop disqualify me from dp programs on 2nd home?

Mary Ann
  • Investor
  • Polk County, FL
Posted

I'm concerned that buying a prop as an investment first may disqualify me for first time homeowner or dp assistance programs when I am ready to buy a second home - the one I plan to live in.  I do not have enough savings now for the second home I want to live in, and need to use a house as the bank (a strat I learned here on BP).  If I pay cash for a 50K house, do I automatically have equity to use for a downpayment to purchase another house?  Any clarification on this is appreciated on the best way to do this!

Loading replies...