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
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
New Member Introductions
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 about 1 year 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

Loading replies...