Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
Beginner - Expensive Market Issue
Hey BP community,
I am trying to figure out the best approach to purchasing my first rental property. I'm green but I'm reading all the legitimate material I can find on RE investing.
It would preferably be a duplex or a property that can easily be converted into one. I plan to reside there for a year. However, I live in an area with an inflated/expensive housing market (Charlotte, NC); I currently rent.
I'm leaning towards the FHA loan route. Where would you start if you were in my position?
Thanks!