How are people financing their first real estate deal?

[Jason Voskuhl]

Hello everyone my name is Jason Voskuhl, I am currently being pre approved for a loan. I have a pretty solid lender that is working pretty close with me to finance my first home. I ideally would like to do a brrr on my first personal property, and be able to buy a distressed property so that I can create equity to do more deals in the future. Right now my lender is leaning more towards FHA loan but my question is since FHA is a lot more stricter about the conditions of the home would there be any complications trying to use FHA for distressed properties. Curious to hear what you guys did for your first deal or maybe what you wish you did. Thank you a ton in advance!

[Jevon Shaw]

There would definitely be complications when trying to use a normal FHA loan on a distressed property. An FHA 203k loan is probably the best solution