Does a vacation home qualify you as a first time homeowner?

December 31st, 2011 | by admin |

I purchased my first home in 2009 and I would like to purchase an investment property. I was told that if you purchase a "vacation home" within 50 miles from your home, you are still considered a first time home buyer. I desperately want to purchase an investment property while the market is low, but I don’t have 20% to put down.

ask the seller to lend you the 20%, since he is getting 100% of the
asking price anyway!

  1. One Response to “Does a vacation home qualify you as a first time homeowner?”

  2. By kemperk on Dec 31, 2011 | Reply

    ask the seller to lend you the 20%, since he is getting 100% of the
    asking price anyway!
    References :

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