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Updated over 8 years ago,
"First time homebuyer" status retained with first commercial deal
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