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Updated almost 8 years ago,
Looking for tips on how to finance my first deal
For my first deal I want to purchase a duplex, three plex, or a four plex. I'm in my mid 20s with a good paying job and no debt. I'm not sure how I should finance the property. I've read a lot about 203K FHA loans and considering it, but I heard that I'd have to live in the property if that was the case. Which seems like an issue if I were to find a property that was fully occupied with long term leases. What would I do in that situation? Should I consider a conventional loan instead?