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Updated over 6 years ago on . Most recent reply

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Drew Dahlberg
  • Farmington, CT
1
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New Member - Boston & Hartford

Drew Dahlberg
  • Farmington, CT
Posted

Hi!

I'm a new member, just moved to Boston. I work downtown at a big brokerage firm (think CBRE, C&W, JLL). 

I am looking to start a portfolio. In the process of getting an LLC and looking into an FHA loan for my first investment property.

Most Popular Reply

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460
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Steve DellaPelle
  • Rental Property Investor
  • Salem, NH
276
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460
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Steve DellaPelle
  • Rental Property Investor
  • Salem, NH
Replied

Hi Drew,

Just a heads up, using an LLC to purchase a property via FHA could be a potential set back for you. FHA is for first time buyers that are owner occupying. You would not be able to purchase as an investment property. I would recommend using FHA to get into the game as an OO property and then using that to snowball into more properties down the road. Best of luck!

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