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Updated over 2 years ago,
Advice needed for 1st investment
Hi, my name is Mario and I am brand new to real estate investing. We are a family of 4 and looking for our first investment opportunity and seeking advice from the BP family. Our plan is to purchase a multi-family home, live in one unit and rent out the other. We have roughly 100K available and plan to purchase with an FHA loan. In your experience, does this seem like a reasonable plan or would purchasing a single-family home to live in for 1 year, then renting out be a better option? Any advice would be appreciated!