90 Day Challenge, so I want to do this in my city (VEGAS)

[Jordan Autrey]

So I live in Las Vegas, and I will be doing the 90 challenge and I’m a little nervous but excited to get my first home but my location is not a cheap one I feel for a first timer?.

I am very business savvy and great with building teams and want to start a partnership firm style business and start buying up rental properties and W/ a little commercial properties.

So I have never owned a home before and would like to use a FHA loan but don't know if that would be the best idea for my first home. I do know a lot about funding and raising capital and have experience in doing so for my tech company but I would like to take my knowledge and put into rental properties/real estate and build and empire over the years being I'm only 25 years old.

[Brad Bellstedt]

Are you planning on staying in the property as your primary residents for at least a year? Or planning to build 20% equity quickly? I ask because FHA, although a great loan program has a minimum timeframe that the buyer must stay in the property or be able to convert to conventional. Plus, there's the mortgage insurance to consider. Getting the property is definitely the most important piece here but if you have the option to, you may want to consider going conventional with a bigger down payment to get a lower rate and to help you get closer to that magic 20% equity so you can drop the mortgage insurance. I'm not a lender though so you should double check all of that with someone who knows loan programs and requirements more intimately than I do.