Should I FHA 203k or Hardmoney

[JaMario Price]

Hello BP Fam,

Im in Atlanta,Ga. I found a property today. It needs work. So I was looking to get a FHA loan and house hack it. Listed price is $145k Arv $180. It needs about $20k in work. Could be made into a duplex. 3/2 upper 2/1 lower.

Brand new to the investing game and trying to figure out which way to go?!

Also are there any FHA mortgage lenders here?! If so let me know!

Thanks in advance for your help!!

[Anthony Dooley]

This is not a good deal. You don't know me, but if you were my best friend since first grade, I would tell you to keep looking. Especially, if you don't have the cash to buy it and rehab it. Listed price means absolutely nothing. This price is what they want, not what they will accept. Find a better deal. Being an investor is different than being a buyer. Don't be a buyer.