Multi family investing with an FHA in DC

[Richard Pennington]

Young 24 year old getting into a federal job within a year and I wanted some clarity before I moved way ahead of time on using an FHA loan for a Mutli family home, duplex, or even a 4plex. I understand the market in DC,VA, & even Maryland may be rough but working there I may as well invest to obtain an asset to fully control. Im planning on using the 3.5% then adding on extra money with my down payment to cover for contingencies, closing costs, an ADU, plus extra to upgrade any aspect of the home to move forward to gain a percentage of some cash flow. If anyone has any insight on the DC housing market please connect with me. Im even willing to do a HELOC, jumbo payment, or an cash on cash refinance to make something work.