Financing options for the 1st investment

[Hunter Reed]

Hello BP,

The time is coming near for me to seal the deal on my first investment property. I have been due diligently studying markets, books, education, podcasts, and mentors for almost 3 years now. I have come across many different theories into investing in the beginning. The market as of now are very unpredictable although I have a feeling that prices will begin to fall in the begging of 2024 through the spring and in the summer months. In the next 8-10 months is when I will be pulling the trigger. Based on the assumption that prices will fall which strategy should I invest in.

Working capital: $22,500.00

Private money lenders: 3 individuals

Strategy options: House Hack (FHA), Fix and Flip, Hard Money Lender?

Based on the information I provided above how would you attack your first investment? I have experience flipping and keen knowledge under writing deals. I will be investing in Fort Worth, TX while I attend Ranch Management at TCU for one year. 

[Nicholas L.]

-house hack

-don't start with private or hard money