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All Forum Posts by: Teng Yang

Teng Yang has started 1 posts and replied 2 times.

Starting Out

Post: Can I still be considered a first time home buyer?

Teng YangPosted
  • Posts 3
  • Votes 1

I'm looking for some clarity on my situation.

Me and a business partner bought a duplex together under our LLC. We are named as guarantors on the loan with the LLC as the owner/buyer. However, I am looking to buy a house for myself as a personal residence. Am I still considered a first time home buyer even though I am a mortgage guarantor on my LLC's mortgage? I do not own a house at the moment and have not for the past 3 years. I am also not guarantor for anything else.

There are a few first time homebuyer programs that I hope to be able to qualify for.

Thanks in advanced!

0 Votes
Minneapolis Real Estate Forum

Post: Looking for a local CPA specializing in Real Estate..flip+rentals

Teng YangPosted
  • Posts 3
  • Votes 1

John Woodrich and Phillip Kuehne at LB Carlson are great CPAs to go with. They have extensive experience in this field. Definitely reach out to them.

1 Vote
Minneapolis, Minnesota