House Hacking a MFH Near Disney Through FHA

[Jordan Morris]

Hello all!

I’m a young professional with no dependents relocating to Orlando for work within the next few months and I want to start building my real estate portfolio, the first step being house hacking. My current plan when I move is to rent for a few months while I get to know the city and figure out where I’d like to buy my first house.

I have calculated that with my salary (a little over $100k) and relatively low student loan debt (about $12k) plus other bills, I would be able to comfortably pay for a MFH less than 400k while still paying off debt.

However, I was wondering if finding a multi family home under $400k within 30 minutes of Disney is possible in todays market, especially with an FHA loan?
It seems like houses fly off the market and are going for 10-20% over asking price!

Also if I am oversimplifying things or anyone has any suggestions on other factors I might want to take into account then I would really appreciate the guidance.