Please help me with first deal

[Travis M.]

I am 25 and have been working and saving for a while and want to make that first step to investing. I am overseas now but thought it would be better to wait until I was back in America to make the investment, that being said, should I invest now anyway being about a year away from a permanent move back to the US? also more importantly, what would be the best way to utilize my cash? I wanted to take advantage of the FHA loan with low DP but is their a cap on the loan amount? What if i wanted to exceed it? I am looking to invest somewhere around 150,000 - 250,000 depending on the deal

what do you guys think? 

[Kyle Scofield]

@Travis M. I would say to wait until you get back to the U.S. It's always best to learn hands on first before you start investing from afar.. (not that it can't be done, just my personal opinion). Maybe spend this time educating yourself as much as possible?

As far as the FHA loan, from what I quickly found on the internet the loan limit is around $600,000 (not entirely sure, maybe someone else on the site could help with this).. Also, I'm not sure if you are aware, but you have to be living in the house as you primary residence in order to get this loan. So, if you want an FHA loan, you HAVE to wait until you are back in the states. But at that point, you might as well use the VA loan imo

Hope this helps get you started, let me know if you've got other questions.