Options for primary residence

[Jake F.]

Hello All,

I am Jake from Albany, NY. I am new to this forum as well as to the real estate investing. I don't have any prior experience (have never bought a home) and am looking to purchase my first home (as a primary residence). 

I want to focus on buying a foreclosure (REO) property so I get a good discount on my first home and also learn a thing or two while fixing it up. Is there anything wrong with taking such an approach. Obviously I plan to research as much as I can on buying REOs before taking the plunge, but wanted to know if I am on the right track.

Investors, with all the knowledge you have now, what would you do if you were to buy a property for yourself. Foreclosure (auction, REO), short sale, house hacking, buy from a wholesaler?

Thank you, Jake