Am I elligable for the First Time Home Buyer tax credit if I buy a 3 flat and live in 1 unit & rent the others?
stevecat asked:
I was wondering if I am elligable for the first time home buyer’s tax credit if I buy a multi-unit building (2 or 3 flat) and live in one unit while renting the other units out. It would still be the first real estate I’ve purchased.
Micheal
I was wondering if I am elligable for the first time home buyer’s tax credit if I buy a multi-unit building (2 or 3 flat) and live in one unit while renting the other units out. It would still be the first real estate I’ve purchased.
Micheal
May 1st, 2009 at 12:48 am
Rosa
Yes, but the credit will be based on the portion you live in. Eg 2 apartments, then you divide the purchase price by 1/2.
May 3rd, 2009 at 3:50 am
Victor
Recenlty my friend got home loan of 500000$ for 25 years on 1.5% which should be paid annually my friend doesnt have good credit his credit score is below 500 but still he got loan.
I asked him how you got ?
He told me while i was searching on internet for Home loan with Bad credit he found a site which contains about 8 links for bad credit so i checked all of them one by one .
go to
Dixiloan.com
> Home loan
Note each link contain different interest rates and repayment period.
Take Care
Bye!