Help us with our first move

[Joel Quiroz]

My Family and I are ready to pack up and move down to Florida anywhere from the Tampa to Orlando area. Were preapproved through our bank for up $410,000 no money down but a around a 5% interest rate.. we can go down there and rent or we can go down there and buy, however our end goal is too build a MF and possibly STR rental portfolio. Considering prices and interest, what would you do?

We have about 70k saved

680 credit score

And live well within our means. Have not bought a bunch of toys with payments, our only real payment is our rent $2500/month. Thanks for any feedback I understand we all have different goals! 

[Tyler Gibson]

Originally posted by @Joel Quiroz:

@Tyler Gibson  I have suggested this to my Fiance because I believe my lender said we are only required to occupy for 6 months. Finding the right duplex however..Also I feel we may be able to get a bigger loan amount for a multi family (sorry just learned how to tag on here) 

 No worries on the tagging. If you are able to do the Duplex route that would be my suggestion. I am local here and happy to help in any way I can.