Loan or no Loan on 55k Condo? I have the cash

[Nigel Girard]

New Pro Member to Bigger pockets and excited to start up. I've reviewed a lot of properties and I think Im ready to make my purchase. My plan was to do a FHA loan with Homebridge but they only offer loans over 100k and this house is 55k. I have the funds to support this purchase but didn't want to use me own money. Are there any advantages other than no interest rate when using your own money to purchase your first investment property? Or should I continue with a private loan? Thanks everyone :)