Want to buy a condo but don’t want to use first time home buyer

[Jerry Maggiore]

Hi, I’m wondering if I start investing. Let’s say wholesaling; when I take out a loan to pay, am I using my first time home buyers loan?

Can I buy a condo without using my first time home buyers loan?

The reason I'm asking is because I want to start REI but don't want to use my first time home buyers ability because I'm waiting for my annuity to get $100k in so I can put down on a house.

When I take out my annuity to buy a house they don’t charge me ANY fee to take out my annuity soon. And that would be a nice down payment on a house

[Brie Schmidt]

Originally posted by @Jerry Maggiore:

@Brie Schmidt

Thanks for the response, so you're saying that I can go buy a condo regular conventional loan not a FHA loan?

 Yes, you can use a non-owner occupied loan to have up to 10 properties