Need advice on my journey to become real estate investor

[Erere Ovirevarie]

I am trying to start real estate investment with multi family for house hacking by using FHA loan,due to lack of big down payment required for down payment and closing ,I decided to start with house hacking.my major plans was to have more rental property and learn along the way ,but I will still be interested in doing other strategy after gaining more experience.Right now I am stuck due to the fact there are no multi family available in in my area of interest,.if I decide to buy SFR,how will I make it to the top?how will I climb up in order to acquire a rental property?do you think that FHA loan is good for SFR with mortgage insurance still very high?

[Jevon Shaw]

The best use of an FHA loan on a single family home to get started in investing would be to house hack by renting by the room. If you were thinking that you could use an FHA loan on a rental which is a pure investment property, that is not allowed.