What should I do?

[Terry Smith]

Hello everyone,

I have finally got my credit to where I can qualify for a house. Im at a fork in the road. Should I look for an investment property, or should I buy a home for me to live in? I want to get into real estate investing, but i am not sure where to start in AZ. If I buy my first home, is going through a conventional or FHA loan the only way? Any help would be greatly appreciated

[Matthew Kwan]

HI Terry, well it depends what is your target? If you are trying to do with min money down you can consider FHA with 3.5% however for 1-4 units however for 3-4 units there's a FHA rule that you would need to past "Self Sufficiency Test" in order to qualify. As for conventional, you can do 3-5% down for single family but for 2-4 units, you will need up to 15-25% down.

@Albert Bui @Carlos Valencia