Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

21
Posts
0
Votes
Luther McIntosh
  • Real Estate Agent
  • Linden, NJ
0
Votes |
21
Posts

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
Posts
137
Votes
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!

Loading replies...