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Updated 11 months ago on . Most recent reply

User Stats

1
Posts
2
Votes
Alex Na
  • Real Estate Agent
  • Space Coast, FL
2
Votes |
1
Posts

First flip, occupying first

Alex Na
  • Real Estate Agent
  • Space Coast, FL
Posted

Hello all - thought I'd introduce myself. For some background, I am a Space Coast, Florida realtor looking to get out of renting and dabble into the investing space soon by starting out with a property of my own. The plan is to live in it for a cpl years so right now I'm assuming my best bet is a tricky FHA 203k loan. I'm looking to relocate to Orlando. If anyone has any other suggestions I'd heavily appreciate it! Thanks guys 🙂

Most Popular Reply

User Stats

33
Posts
31
Votes
David Liu
  • San Francisco Bay Area
31
Votes |
33
Posts
David Liu
  • San Francisco Bay Area
Replied

I'd also consider renting out part of this property that you will purchase. 

This way the tenant rent could pay for part of the renovations as well or the tenant could just reduce your mortgage payment so you gain wealth quicker to keep purchasing properties. 

Let me know if you have any other questions,

David

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