Beginner first investment FHA in SoCal

[Jacqueline Bustos]

Hii all,

I will try to make this short and sweet.

So it has been a huge goal of mine to start investing

In real estate for quite some time. During this time

I got rid of all debt. I currently live in Socal & as everyone knows investing here is very difficult. I wanted to start out with a duplex and house hack but buying a duplex requires me to have more money down and I honestly just want to start and throw myself into it. ( any thoughts)

I am currently loan shopping & I qualified for FHA.

My Interest rate is 3.5 and my mortgage insurance will be around $200.

Currently with what i was approved I can only afford a condo.

My question is Should i go for it? or maybe save up more money for a down payment so i can avoid the mortgage insurance ? Or should i Jump for it? live in it for a year or two and try to sell ? Or should I just save up more money to buy a single family home when i can afford it?

Thank you for taking the time to responde

I beyond appreciate it !!