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Updated about 5 years ago,
First Time Home Buyer, but Already Own a Home?
Hi,
I am a 24-year-old recent college grad living and working in Dallas, Texas. When I was about 18, my parents bought a house in my name. My parents paid cash, and the home was set for me to move in after college. However, my job after college took me to Dallas, Texas and the home is too far for me to reasonably drive daily. Ideally I would like to find a duplex in the Dallas/ Fort Worth area and finance, but I am worried I may not be able to take advantage of first time buyer programs because I technically already have a house. Does anyone have a similar experience or any insight into this?
FYI: I intend to live in the duplex while I finance - or at least for a few years.
Any help is appreciated!