LLC For 1st Property

[Mark Weinstein]

Hi BP,

For my first property I'm going to use a HML for the purchase then refinance. I don't want to lose eligibility for the first time home buyers programs and grants they're offering.

Would it be better to purchase my 1st property under my LLC, use the HML to purchase, refinance to pay the loan off. Then when it's time to purchase my 2nd property, I can still use the first-time home buyer benefits.

Thoughts on this? And has anyone here done something like this before? I know these first time home buyer programs or FHA loans don't do business with LLC's so I think a HML through my LLC is the best route given my current situation but would love to hear some feedback.

Thanks guys!