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Updated over 2 years ago on . Most recent reply
First time home buyer HELP
Hi everyone!
I will be moving to Miami or around that area -Fort Lauderdale, Coconut Grove, Little Havana etc. And I want to start real state investing. Since I will also need a place to live, I was thinking of buying a duplex using the FHA loan for first home buyers and renting out the other side. I have a fair score, and would not be putting a down payment. Do you think this is a good idea considering how high the loan will be? Or should I just rent an apartment and save for the down payment? I am open to any other opinion/suggestion as I am very new to this and I want to learn as much as I can!
Thank you so much in advance!
Most Popular Reply
What type of loan will you be getting that doesn't require a down payment?