kimbersf asked:
My husband and I are interested in buying an investment property and I was wondering if I could still qualify as a first-time home buyer. He owns two properties and we did file jointly last year, shortly after we were married. We’re assuming I can’t qualify, but couldn’t find information if there’s any way to still get the credit. Just wondering… Thanks!
Vernon
My husband and I are interested in buying an investment property and I was wondering if I could still qualify as a first-time home buyer. He owns two properties and we did file jointly last year, shortly after we were married. We’re assuming I can’t qualify, but couldn’t find information if there’s any way to still get the credit. Just wondering… Thanks!
Vernon
Lillian
idk – but your local Real Estate agent can answer that question – they have all the information on their computers.
Comment by dusty_titus — August 8, 2009 @ 5:26 pm
Ida
Just keep loving your hubby and enjoy life, he will take care of the rest
Comment by awniranjan — August 10, 2009 @ 5:04 am
Pamela
Campaign
Help your Brazilian friend and earn 10 points.;_ylv=3?qid=20091208103542AA4lS93
Comment by Mystery — August 13, 2009 @ 8:41 am
Ernest
No you cannot for a couple of reasons.
1) Your husband already owns property.
2) Even if that was not so, the a first time home buyer must occupy the property as a primary residence for 3 years. It is not for investment property.
Here is a link to a website with FAQ’s about it.
Comment by WCHS1970 — August 16, 2009 @ 11:55 am
Marian
You betcha. I did it. I inherited a house and thought the same thing. But as my attorney said the credit is for a FIRST time BUYER! Just because you married into a home is not the same thing. It is for folks who have purchased their first home! Check it out with a real estate agent, attorney, etc. Good Luck!
Comment by Burpie — August 19, 2009 @ 11:31 am
Lonnie
Sorry, but you don’t qualify. If both you and your husband are not eligible, then neither of you are eligible. Good try tho.
Comment by acermill — August 21, 2009 @ 8:59 pm
Denise
1. Investment properties were never eligible for the credit, only new primary residences were.
2. If he already owns a house, that disqualifies you from the $8000 deal anyway.
Comment by the tax lady — August 25, 2009 @ 8:23 am