# Thinking about buying a building.

**URL:** <https://forums.speedlife.net/t/thinking-about-buying-a-building/152447>\
**Category:** NYSpeed Off Topic\
**Created:** [March 30, 2010, 11:51am UTC](https://forums.speedlife.net/t/thinking-about-buying-a-building/152447 "2010-03-30T11:51:30Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![Carnut](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/carnut/32/7590_2.png) [@Carnut](https://forums.speedlife.net/u/Carnut)\
**Post date:** [March 30, 2010, 11:51am UTC](https://forums.speedlife.net/t/thinking-about-buying-a-building/152447/1 "2010-03-30T11:51:30Z")

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I’m thinking about buying a building that has commercial space in it and apartments above. Does anyone know if this would count towards a first time home buyer credit etc. I don’t know much about this subject. I would like to take advantage of every avenue that is available. Also I know zillow will tell you what the property is worth for residential but what about commercial is there a site that does that?

Thanks,  
Don

edit: I would be living in one of the apartments.

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**Author:** ![newman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/newman/32/7569_2.png) [@newman](https://forums.speedlife.net/u/newman)\
**Post date:** [March 30, 2010, 12:40pm UTC](https://forums.speedlife.net/t/thinking-about-buying-a-building/152447/2 "2010-03-30T12:40:37Z")

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My first guess is NO, but that’s just that, a guess.

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**Author:** ![Coldaccord](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/coldaccord/32/7272_2.png) [@Coldaccord](https://forums.speedlife.net/u/Coldaccord)\
**Post date:** [March 30, 2010, 12:45pm UTC](https://forums.speedlife.net/t/thinking-about-buying-a-building/152447/3 "2010-03-30T12:45:28Z")

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Commercial loans require 25% down. Different kind of loan. It’s nice though, anything with I believe 4 residential units or more, or commercial space, (this aspect I’m not familiar with) the rent from the building counts as income to qualify for the loan

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**Author:** ![Carnut](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/carnut/32/7590_2.png) [@Carnut](https://forums.speedlife.net/u/Carnut)\
**Post date:** [March 30, 2010, 1:31pm UTC](https://forums.speedlife.net/t/thinking-about-buying-a-building/152447/4 "2010-03-30T13:31:21Z")

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Thanks for the input anyone else have any good info? Misteroman?