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Updated almost 8 years ago,
Advice For College Student & FHA Loans
Looking for some advice please! I'm 18 and really looking forward to starting real estate investing. I'll be headed to college next year at the University of Washington. I've been looking for an apartment to rent, but wouldn't it be smarter of me to find a duplex to live in and rent out the other unit? If so, would I qualify for an FHA loan since I'd be living in the building and then I'd have a smaller down payment? I'm not totally clear on all the qualifications needed for the loan but any ideas for my situation would be much appreciated. Thanks in advance!