First Time Investor - Smaller Faster or larger slightly slower

[Roberto Solorio Jr.]

Hello,

I have an FHA loan between 440k and 525k approved.

I am making my first deal! I want to get into the market

My goal is to buy a duplex or single family home with a ADU or converted garage.

I’m hoping to have money for down payment by September or October . If I buy a cheaper property between $300,000 and $400,000 I may be able to buy it in August as oppose to October.

Would you guys wait until October and buy a more expensive property $500k-$525k and purchase in October or buy a cheaper property and purchase it in August ?

Both properties would be duplex.

Thank you in advance for Your help

[Darius Ogloza]

Location is 1,000 times more important than a few months' timing.  Buy the better, higher value property that stands to make you the most money over the long haul.