Asked by BayGeorge, San Francisco, CA • Sun Jan 6, 2013
Looking to buy 2 properties this year.
#1. What are the benefits for first time home buyers in 2013? I know there may be other posts on Trulia on this, so please indicate links if info still applicable for the new year. Scenario: Bay Area, 700K$ property, 10% downpayment. Good credit score.
#2. Can I buy a property as an investment, and then a year later buy a property where i actually will live and qualify as a first time home buyer? I know it sounds contradicting but want to understand what the flexibility of the program is like.
#3. If I buy as a first time buyer, I will need to live in the property, correct? What about I only spend a few nights a month, using it as a commuter property?
Thanks to all for your help.
Real Estate in San Francisco
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