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Updated 9 months ago on . Most recent reply

User Stats

82
Posts
49
Votes
Drew Cameron
  • Lender
  • Peabody, MA
49
Votes |
82
Posts

First time homebuyers grant for duplex house hack

Drew Cameron
  • Lender
  • Peabody, MA
Posted

Hi fellow investors. I just did my first successful flip by partnering up with a couple other investors. We put the property in an LLC so I could use the first time homebuyers grant. My plan is to use the grant to purchase a duplex and live in one side for free or close to it. I plan on house hacking with bigger multifamily homes to quickly scale up. I know that there are certain stipulations that come with the grant and I want to use FHA loans to keep my down payments low. Are there any lenders out there that can help me with some clarification? Also I am in Phoenix, AZ. Not sure if that matters for the national programs.

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