primary residence vs investment property?
Could I buy a primary residence for the tax credit in '09 and still be approved for an investment property in '09? I planned on buying an investment prop first,but all the incentives/tax credits on primary residences make me wonder if i should get a primary residence first.
Also, if i buy an investment property first would i still qualify as a 1st time homebuyer for a primary residence?
Mentofresh here is a great link about the tax credit program.
/http://www.federalhousingtaxcredit.com/2009/index.html
You primary residence and investment property could be both. If you purchase a two or three unit property which would qualify for the tax credit program. To get two mortgages that all depends on your creditworthiness and lender who will determine if you qualify to do both.
Hope this helps
Wayne Clark
CCS Realty, LLC
504.304.2307
clarkconsultingllc@msn.com
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Fair Housing and Equal Opportunity