New Hopeful Investor From Massachusetts

[Nicholas Alves]

Hello everyone, how are all of you today? 

My name is Nicholas I am 25 Years old and I am from South Coast Massachusetts.

I joined after reading a book written by one of your members (what a great book!)

My intention at the moment is too purchase my first home with a first time buyer program. I'm thinking for now my best bet would be to purchase a duplex, live in one side and rent out the other until the first year mandatory residency is over.

Unfortunately my fico score is a bit lower then I would like at 680, I have always been good with paying my bills but there was a 5 month period in 2018 where I didn't pay my car bill on time believing it was on auto pay (I know I am going to get a lecture and you would be right, I know it was a mistake and wont happen again.) For the record i have north of 20k to use for a down payment or repairs.

Some background, my father is a real estate investor with a successful construction business and his business partner is a successful investor/ wholesaler. I plan to utilize them as much as possible. My uncle also operates a large construction company so any homes that would need rehab I would have a contractor that I trust.

I really hope to be a part of this community and maybe if you guys have any local meet ups in the MA / RI area I could attend at some point.

Just a few questions if any of you have time. Is there a certain first time buyer program I should look into? I know my Fico score is lower then optimal but I do believe it will be possible. Are there specific first time buyer loans that have a "fixer upper" benefit as I would love to be able to utilize my uncles construction company and give him some work.

Thank You for taking the time to read this!

~Nicholas