Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Money and Main Street
7 of 7
BACKNEXT
Ryan McKeown
Ryan McKeown
Ryan McKeown, 26, is a software technician for a health care company.
Location: Portland, Maine
Property: 3-family home
Price: $255,000

I didn't want to dip into my retirement account for a down payment, and the tax credit let me buy a three-family house without emptying my retirement.

I closed on the house in May, and it is in a neighborhood that's not quite as nice as where I was living, but it's getting better.

I took the second floor one-bedroom apartment and rented out the top floor one-bedroom apartment and the ground floor two-bedroom. The rent will help pay off most of my mortgage, which is an FHA loan.

I have very low monthly housing bills now, but I couldn't have afforded the house I wanted without the tax credit. And I got the check about seven weeks after I filed my amended tax return.

More galleries

Last updated November 09 2009: 11:06 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
14 last-minute tech gifts under $100 From wireless headphones and smart speakers to game consoles and unlimited movie tickets, here are the best bets under $100. More
8 cool things cars of the future will do The coolest features that tease the future of driving, from windshield projections to never needing to park again. More
The best gadget gifts for 2017 A holiday gift guide for anyone who wants to spread some techie joy. More

Special Offer