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Updated over 2 years ago on . Most recent reply
First time buying. (FHA or ???)
Im looking to purchase my first property. I have all the intentions to purchase for investment purposes
im in a unique situation where my sister in law is going to stop renting the garage room she is and and wants to rent with her fiancé. I considered buying a single resident with a FHA and being them as room mates who will cover the mortgage and after a year i will move out so they can fully occupy the house,. By then i should refi and use $ to continue investing.
Or i also consider using a DSCR loan to purchase something first?
also i have a business and I considered using a SBA 504 for, and become 51% occupant and rent the other 49% space to another business.
ANY SUGGESTIONS ARE HIGHLY WELCOME HERE!
Most Popular Reply
This is a great strategy to get started in Real Estate. If you want to consider out of state investing, feel free to reach out and we can discuss.