Is a 203k Loan the best option to start investing?

[Reggie Gay]

For a first timer- newbie investor with not a lot of money, but good credit. I’m am also self-employed, I own a barber shop.  Would a 203k loan be the best way to get started investing?

[Sathish Sekar]

An FHA 203k loan can be complicated. Also this loan is only for owner-occupied properties. So it wouldn't be an option for an investment property. Unless you plan to live in the property.

For you situation, I'd recommend seeking hard money financing. Where the lender analyzes the deal rather than your personal finances. 

Reggie, where are you located?