Opportunity

[Nathan Gilbo]

Hello, I am looking for opinions on my idea both sides are welcome as I am new to this.

I am a recent college graduate with in my first few months of work. I am looking to find my own place now and hope to have a few rental units with it. I am aware of the FHA loan which I will be sure to take advantage of.

One property that I am looking at is asking 129000 and has 3 units and I would live in one of those to abide buy FHA for a year. The area is a college town where rents average around a 1000 per month. What is your opinions on this opportunity?

Also after the year is up for the FHA loan how easy would it be to secure another loan for another rental opportunity?

Is there anyone who has taken the FHA approach? What are some difficulties to grow your rental property portfolio? I would prefer to stick with multi- family property's

Any information is greatly appreciated, thank you in advance.