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Updated over 3 years ago, 04/15/2021

User Stats

11
Posts
3
Votes
Thomas Farley
  • Dobbs Ferry, NY
3
Votes |
11
Posts

First time Investor needing help!

Thomas Farley
  • Dobbs Ferry, NY
Posted

Hey Bigger pockets people! I am a first time investor and i'm trying to figure out what is the better investment for me. I'm currently looking at a multi family in my area of Connecticut I have an opportunity to utilize a FHA loan and only put down 5% which I currently have or do I continue to save another year or so for 20% down conventional loan? The numbers work on the property where I could house hack and live in one unit and rent out the other unit which would cover all monthly expenses including PMI, abling me to live for free. I'm curious to hear from your experience and knowledge and What you would do in my shoes. Thanks BP!

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