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Updated about 7 years ago,
What is better way to start ?
Hi everyone.
My name is Yuriy.
It's a my very first post here on BP. I have been reading forum and listening podcasts about one year.
I'll try to explain me situation and will be appreciate for your opinions.
Currently I'm living in Bay Area in CA. And investing here is ... probably everybody know it is tough.
For my investing I'm choosing between North NJ and NC (Raleigh area) because I'm willing to relocate to one of those places.
My initial plan was to buy something from 2-4 units complex with FHA program and live in one of the units. Right now I need to stay in CA for awhile.
So what would you suggest?
- Wait until relocation and buy with FHA. But it will take time to find a job and become qualified for a loan.
- Or loose the chance with FHA and start with townhouse or house and menage it with PM company.
Thanks.