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Whats the advantage for first time buyer @ this time? Can you rent your property asa you purchase, a

  • December 05 2012 - Corona
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Answers (1)

Profile picture for wetdawgs
First time home buyer does not offer many (if any) advantages.  In some areas if you meet income guidelines and other guidelines, there may be grants to help with down payment if you are going to use the property as your primary residence.   These are becoming rarer.

You can rent your property as soon as you purchase it, however, you will need to get an investment loan rather than a residential loan.   If it is not going to be your primary residence, then you will not qualify for any of the down payment assistance programs.
  • December 05 2012
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