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Updated almost 6 years ago on . Most recent reply

Toneisha Covington's profile image
Toneisha Covington's profile image
Toneisha Covington
  • from Nashville, TN
  • Member since Apr 10, 2019
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Toneisha Covington's profile image
Toneisha Covington's profile image
Toneisha Covington
  • from Nashville, TN
  • Member since Apr 10, 2019
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Toneisha Covington
  • Nashville, TN
1
Votes |
14
Posts
Buying & Selling Real Estate

Should I purchase an investment property first?

Toneisha Covington
  • Nashville, TN
Posted

I have an opportunity to purchase a 3bed 2 bath home for $35k and needs about $15k-$20k in repairs. The ARV is $100k. I have held out on purchasing my own home since I've gotten into real estate. Should I use my first time buyer\FHA option to purchase this investment property? I only have about 8k for a down payment but have excellent credit. Any advice? Thanks!

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