First-time homebuyer if I co-own a property in an LLC

[Ana Garrido]

Hi fellows!

I have been searching information in order to clarify this doubt, but still nothing convincing.

1) Please, can you help me?. If living in PA, can I qualify as first-time homebuyer if I co-own a property through an LLC?.

I wish to know this because my husband and I have about 40k saved and we thinking to house-hack, but before we wish to flip 1 or 2 fix-upper single houses through our LLC in order to raise money and then buy a fourplex instead of a duplex to house-hack.

2) Do you think that this strategy is viable?

Many thanks for your time :)

[Matt OConnor]

@Ana Garrido How did this ever resolve? Were you able to claim first time homeowner status despite owning a partial stake in an LLC which in turn owned a few investment properties?