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Updated over 5 years ago,
First Timer - Will flipping hurt me later?
Hi All!
I am interested in getting into REI by flipping properties using hard money through an LLC. I have all of the things needed to qualify for hard money but I haven't purchased a primary residence because I'm in grad school & don't meet the DTI requirements yet (like most millennials 🤷🏾♀️).
Will flipping through an LLC prevent me from being a first time home buyer when I'm ready to purchase a primary residence?? I have no clear idea of what state I will end up in at this time or if that will impact the answer.