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Updated almost 7 years ago,

User Stats

6
Posts
0
Votes
Nzinga Augusto
  • Miami, FL
0
Votes |
6
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How long do I wait before jumping into my 1st deal?

Nzinga Augusto
  • Miami, FL
Posted

Here's my current situation:

- 40 yrs on earth, 0 years owning or investing in real estate

- 580 credit score

- South Florida (Miami Dade County and Broward County) market

- No considerable cash savings

- 90K + w2 and have a spouse with w2 as well

- Renter with no mortgage

Here are my questions:

- Does flipping makes sense for me or is BRRR the way to go?

- Should FHA loan be my first financing strategy (given that I have no current access to private money)?

- Should I just sit on the sidelines until 2019, build up my credit score and save up as much cash as possible before even thinking about deals?

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