Newbie from Orlando FL

[David Duran]

Hi,  I just recently found this site along with it's Podcasts and I am so relieved. Why did I not find this site years ago! I have been looking to purchase my first home, to possibly live in, for several months and at this point have just been seeing the prices rise. I am not too sure which routes to take as a first time buyer or what moves to make as a first time property investor. I've been so excited to write my introduction to you all that I havnt thoroughly read through this site to see other forum conversations so I'll get to the learning ASAP. Anyways, just wanted to introduce myself and possibly make some cool connections with people who can offer any words of advice for a newbie. I live Central Florida so it would be nice to get some words of wisdom from those in my area. Thank you for your time.  I look forward to one day being able to contribute from my success. 

[Adrian Smude]

@David Duranwelcome to BP! A great option for you to consider is a FHA 203(k). My brother just did this as a first time home buyer. I found the property as I'm always on the hunt and the sellers were okay with a slower closing with accepting the asking price. Both bathrooms needed a full rehab which is the main reason for the 203(k) but he's getting a kitchen and time throughout along with some painting. The 203(k) means the rehab costs are put into the loan. At the end of the day he should have a house move in ready with under 10k out of his pocket, 110k loan, and the ARV is 140k (conservative). Keep in mind with this you have to live in the house. There are many options out there, you just have to find the one best for you.