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Updated almost 7 years ago on . Most recent reply

User Stats

77
Posts
31
Votes
Samuel Bavido
  • Investor
  • Stevens Point, WI
31
Votes |
77
Posts

First time _home_ buyer, but it's my third property.

Samuel Bavido
  • Investor
  • Stevens Point, WI
Posted

I bought my first rental property (a 3/2 in Oklahoma) in 2015. We used a conventional 20% down loan. I bought a BRRRR duplex in Wisconsin in November using a commercial loan (also 20% down). That duplex is in an LLC. We're looking at buying a home (yay!) in the next month or two, also in Wisconsin. So, my dilemma is that I'm buying the first home I'm going to live in, but it's the third property I'll have. Realtors have told me I won't qualify for any first-time home buyers assistance, but I wanted to check and see if any of the people here know of a creative way to make that work. Am I straight out of luck, or is there something I can do?

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