Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on .

User Stats

15
Posts
6
Votes
Dahsiem Baylor
  • Real Estate Agent
  • Florida
6
Votes |
15
Posts

FHA loan to secure first income property. Good idea or not?

Dahsiem Baylor
  • Real Estate Agent
  • Florida
Posted

Looking to get my first income property. I will be coming into some money from a lawsuit and started looking into ways to invest in real estate. I came across an article i found on google that was talking about FHA loans. Would an FHA loan be a good idea to secure a multifamily income proprty? What are some of the pros and cons of getting an FHA loan? Will it effect future purchases? I'm fully aware that with an FHA loan the property has to be owner occupied. That's not a problem for the first purchase. I'm just trying to get some insight as to what the overall outcome could be. I'm looking to use the FHA loan to secure the first property, then after refinancing, secure a second one with a traditional loan. Any advice for this rookie would be gretly appreciated.