first time home buyer – owner loan

April 28, 2009

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
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2 Comments

  1. 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.

    Comment by v b — May 1, 2009 @ 12:48 am

  2. 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!

    Comment by Casperi — May 3, 2009 @ 3:50 am

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