Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Creative Real Estate Financing
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 over 8 years ago on . Most recent reply

User Stats

14
Posts
1
Votes
Jack Beach
  • Investor
  • Nashville, TN
1
Votes |
14
Posts

"First time homebuyer" status retained with first commercial deal

Jack Beach
  • Investor
  • Nashville, TN
Posted

Been on BP for a couple months now reading and listening to podcasts, really enjoying the forum so far.  This is also my first post, so here's to an introduction!

I'm making the step toward my first investment property and want to know if the "first time homebuyer" status (and the benefit of a lower down payment) status is retained for me if I go for a commercial loan on this first property?  Reason I am asking is to see if moving on to a second deal using a conventional loan down the road I can still qualify for the "first time" status.

Thanks, Jack

Loading replies...