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Updated over 4 years ago,

User Stats

18
Posts
12
Votes
Adaora Nwogbo
  • New to Real Estate
  • Arlington, TX
12
Votes |
18
Posts

Conventional Loan then FHA Loan

Adaora Nwogbo
  • New to Real Estate
  • Arlington, TX
Posted

I have been going through the forums and I am seeing investors suggestion areas like Temple, Belton and Killeen TX to look into because of the modest price range and deals in that area. I am doing quick scans on Realtor, Zillow etc to see what prices go for (still will go in depth to analyze). But I am a new investor starting out i was looking into the DFW area (still need to specify exactly where) but im seeing housing prices around 200k and above and im not seeing a lot of multifamily(which is what i am interested in). Currently I am using just the MLS as of the moment then will move into other methods. Anyways main question here is it a good strategy to look into getting deals in the areas suggested using a conventional loan because of commute (my personal factor) and still have enough to take care of expenses and try and cash flow there,then use an FHA loan in the DFW area to satisfy commute to work and also take advantage of the appreciation. Im reading DFW area is more appreciation than cash flow. I am still learning so will research more into this. Is this a good way to look into things as a new investor or is it best to just focus on one property at a time and get comfortable first. Usually what is recommended is House Hacking. Feedback would be appreciated.

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