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Updated almost 3 years ago,
New Member Introduction/ First Property
Good morning,
My name is Mitchell and I am early in my career and working out building out a saving and investment runway.
I am looking for my first investment property.
I have read David Greene's BRRRR method book and am contemplating whether to save up for BRRRR or utilize the FHA Loan.
Any preference on FHA vs BRRRR method for first property? I want to get some skin in the game but want to go about it the best way possible.
I am under the impression that my best bet would be to try and find something off market and simply go birddog and distribute letters to the property owners whose property that I feel would best fit my criteria. Can I find something off market and still utilize FHA or do I really have to go in with a cash offer for it to work?
Any input, suggestions, or advice would be greatly appreciated.
Thanks!