newbie from Texas and need a little help

[Oscka Flocka]

I'm 19 and have been looking into real estate investing for quite a few months now and I need a little help/advice/feedback. there's a duplex for sale in a middle-class neighborhood that I've been looking at. it's $95k with 2br/2ba on each side and it's both sides are already occupied with tenants (how great is that $) anyways, if I were to get an FHA loan would I HAVE to live in one side of the duplex or can I keep both tenants occupied and start collecting both rents right of the bat? and also would like an experienced landlord to inbox me to help me further along. thanks!

[Paul Ewing]

@Oscka Flocka I think you misunderstood.  For most conventional loans you will need $19k to $28k in cash to put as a down payment on a $95K property.  You may be able to work out some other ways to do this deal with less money, but banks aren't real keen on investment loans without skin in the game.  Check out @Brandon Turner's book on Investing with No or Low Money Down available here for some ideas on ways to get around the conventional loan down payment requirements.

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