Advice: Hard Money Lender VS Conventional VS FHA

[Jordan L.]

Please let me know what will be my best option. I been on this site everyday, getting all the information I need to make my move. Whats going on with me, I am currently saving and looking for my first rental property, that I would like to live in. I am paying so much in rent, its time to own. I am in the Florida market. Some investors say do a hard money loan and then refinance, others are saying Conventional is the way to go, to see how this all works. I have also heard go through a portfolio lender for my first deal. I really wanting to do a FHA loan but I am skeptical of the PMI, so I thought about Homepath Loans., I don't have a 20% down at the moment to do conventional loan. What would you do if you were starting today. Lets say if today was your first day?