Land Trust as First Time Home Buyers - Posted by Rhonda

Real Estate Investing Real Estate Law
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Posted by Rick, the Probate Guy on April 18, 2009 at 21:04:35:

…you wont’ be able to get conventional or FHA financing if title is vested in a THT.

Why would you need to do that, anyway? Do you have a bunch of other assets that you don’t want someone to see? (Please don’t answer that on this public board).

THT are generally for the benefit of people who want to keep their acquisitions private. You might be getting your priorities out of order. Just a thought.

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Land Trust as First Time Home Buyers - Posted by Rhonda

Posted by Rhonda on April 15, 2009 at 18:15:50:

Can a home purchased in the name of a land trust qualify for the first time home buyer tax credit of $8000? (Assuming the land trust beneficiary is a legitimate first time home buyer)