What's the best way to purchase a cheap property? Wholesalers?

[Tyler James]

Hi Everyone,

If I want to purchase a multi-family property using a FHA loan, how do I make sure I get a good deal on the property? Would I not be a good candidate as a buyer for wholesalers? If they have the property under contract, would the bank not pay the agreed upon price? If not, what is a good route other than looking at the MLS? Is there any other way to find off market deals?

I'm wanting to buy a multi-family unit in greater Dallas area by the end of the summer. Would like to live in one unit rent the others out, while leisurely updating it.

Thanks in advance for your help!

Ty