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Updated over 3 years ago,
College Student w/ Little Savings Wanting to Buy First Property
Hello! I'm a newbie to Bigger Pockets (I'm currently reading How to Invest in Real Estate: The Ultimate Beginner's Guide). I am a 21 year old college student based near Nashville, TN. My fiance and I are wanting to find a house to put a low down payment on, live in it for about 7 or 8 months, and then start leasing the property since we plan to move out of state. We are currently looking into the 3.5% FHA loan, considering we are educators and have very low savings built up. I also have some potential investment money sitting in my Roth IRA that I'm considering pulling out for a down payment. Any tips/suggestions for working out initial finances? I'm wanting to make sure that beginning our investing journey is financially feasible for us before I start building a team and looking for deals.