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Updated over 5 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
Freddy Neuhold
  • Investor
  • Texas
2
Votes |
8
Posts

Questions about an FHA loan

Freddy Neuhold
  • Investor
  • Texas
Posted

So I’m really new to BP and real estate investing in general. I just graduated college this past May and will be starting my first professional career in 2 weeks. I really want to get started investing.

I have been looking into FHA loans and I meet the requirements, but I know each lender has their of requirements as well. I was wanting to get a 4-unit I had found for a really good deal but my job requires me to move around the state frequently so I wouldn't be able to do an FHA loan since it requires the property you buy to be your primary residence for a year minimum.

There's a few other properties I've come across that I'm interested in and I could get with low down payments/owner financing. If I buy a SF I'm looking at, will I be disqualified from getting an FHA loan in the future? I really want to get started ASAP with investments but with my upcoming career it will most likely be 2 years before I have a set location. Any advice from anyone will be greatly appreciated

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