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Updated almost 9 years ago,

User Stats

3
Posts
3
Votes
Jim Smith
  • Morgantown, WV
3
Votes |
3
Posts

Is this a terrible plan? (Morgantown, WV)

Jim Smith
  • Morgantown, WV
Posted

Hi BP, long time listener first time caller.  I am a graduate student at WVU in Morgantown, WV, and am looking to start investing in real estate on a very small scale (for the time being).  I have read a ton of stuff on this site, and listened to almost every podcast, but at the end of the day I feel like I just need someone to tell me if my plan is downright foolish.

Ideally, I would like to use an FHA loan to buy and hold either a) a SFH to live in, with each of the remaining bedrooms rented out individually, or b) a duplex, with half of it rented out and the other half shared between myself and roommates. In either case I would need to budget for a property manager, since I lack the knowledge and skill to be able to fix much of anything. Does this seem like a reasonable proposition for Morgantown, or am I out of my mind?

If it's not a terrible idea, any recommendations for PMs and/or buyer's agents in the area would be greatly appreciated.

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