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Updated about 4 years ago on . Most recent reply

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21
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0
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Luther McIntosh
  • Real Estate Agent
  • Linden, NJ
0
Votes |
21
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First time homebuyer program (New Jersey)

Luther McIntosh
  • Real Estate Agent
  • Linden, NJ
Posted

I live in New Jersey and I qualify for the first time homebuyers program. However at the moment there isn't much on the market in terms of multifamily properties (plan is to house hack). I also have my LLC that I'm looking to do flips under. My question is, is it possible to acquire a property under my LLC to fix and flip and still later on use the first time homebuyer option under my personal name?

Most Popular Reply

User Stats

171
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137
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Nick Riccio
  • Lender
  • Boston, MA
137
Votes |
171
Posts
Nick Riccio
  • Lender
  • Boston, MA
Replied

@Daniel Gonzalez you're spot on. when buying a house hack via low down payment program, you're going to need to buy it in your name. When just starting out (limited assets), there is not much need for an LLC anyways!

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