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Updated over 8 years ago,
Help Me! Use First Time Home Buyers Program with SFR OR MFR?
Hi everyone!
Quick question--
I will be purchasing my first home and recently decided shortly before joining BP that I would purchase a multifamily home instead of a single family home in Ga for all the mang benefits of --house hacking as a single person, secondary income, tax write off and benefits, and start of building a real estate portfolio.
However, after reaching out to a realtor in GA about what I wanted to do, she told me I would have to have 25%down to purchase a mfr. I told her I would want to use as much opm (other people money) I could get including grants and even the first time home buyer program. She said it would be difficult or really impossible to do as a first time home buyer.
Is this true? Should I seek an investor/ realtor in Atlanta Ga who is more experienced with community re investment properties or who has done more work with beginner investors?
Greatly appreciate your advice as a new homebuyer/investor.
Ashley