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Updated almost 8 years ago on . Most recent reply

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23
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Austin Richey
  • Hollywood, FL
4
Votes |
23
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Broward County Florida

Austin Richey
  • Hollywood, FL
Posted

Recently made a post I was looking for a duplex in Broward county. I realized that how much I was trying to pay for the quality I wanted didnt match up. I'm thinking of starting off smaller and get a single family home. Use the BRRRR Strategy and move on to a duplex or triplex when more money accumlated. Ok so i'm looking for homes in decent neighborhoods in Broward county. Looking to pay 200,000 or less for my first home. I'm currently working on my credit I have funds to purchase my first home. Looking to get an FHA loan and refinancing in a year. I'm looking for investor friendly realtor that doesn't mind leading a new investor in the right path. I'm 24 years old, I've been studying for about 4 years. I'm finally ready to make my jump

Thanks in advance for your help,

Austin

Most Popular Reply

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1,405
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John Leavelle
  • Investor
  • La Vernia, TX
864
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1,405
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John Leavelle
  • Investor
  • La Vernia, TX
Replied

@Austin Richey

Sounds like the House Hack strategy will be your best option. Try to get more than a Duplex so you can have more income to help cover the mortgage payment. Also try to get pre-approved for your FHA loan before shopping for properties. That way you know what your maximum loan amount is and what the interest rate may be.

Post any potential deals here on BP so you can get confirmation on your analysis.

Good luck.

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