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Updated almost 2 years ago,
FHA buyer looking for multifamily
Hi everyone, I'm Shikirah. I'm near Atlanta and born and raised in Georgia. I'm just now starting out into real estate. I got financing, an agent, but no house. I've been searching for weeks and no one has accepted my offers. I've viewed multiple multiple multifamily homes and placed an offer wherever the deal made sense but, my offer has not been accepted due to it being FHA requiring longer closing date and general stipulations. I'm almost discouraged to go the MFH route. I was so excited on this journey because it appeared that I had many options, but as I've gone through the list and received multiple rejection this process has become harder to continue. I've figured that it might be time to pivot as my list has slimmed down to go the single family route and live in the home for a year then rent it out since having long term rentals is my goal. Now I'm rethinking if I go this route so much more has changed for me when it comes to analyzing a deal and whether or not I should fix and flip. I'm not going to stop you real estate journey just because of a couple of hiccups but man... it is hard but I know it'll be worth it in the end.
This was just a little venting about where I'm currently at in my home buying process so I can come back after I've got property to remind myself of the tough part is over. I hope everyone else is enjoying their journey.