All Forum Posts by: Aaron Osgood

Michael, I am in a similar position as you. Have you made any progress on this? I would love to hear about it.

Aaron

Hi there,

I have seen a lot posts recommending young guys like myself to go the FHA route when buying a duplex + to live in and rent one out. I agree the 3.5% down payment is great but I'm not convinced I can convince my girlfriend to live in the area I'm looking at for a year. That being said, is it possible to go the conventional route for a live in investment that would be 10%? I could not afford the 20-25% but 10% is doable. Is the year requirement for living there washed?

I'm envisioning living there for 4-5 months while I make minor upgrades and then rent it out.

Any advice is welcome. Thank you!

Aaron

Hi there,

Stumbled upon this website and forum and am happy to join the ranks of real estate professionals across the country! My name is Aaron, hailing from the Philadelphia region. I work in finance for a new home builder in the region and am trying to expand my individual real estate assets. I currently rent in the region, living with a girl going into her 3rd year of law school. We envision ourselves staying here for awhile and I have that burning desire to own property. I am actively looking in the region and developing my investment criteria. I envision us buying a duplex + in a safe area. Some of the obstacles I am expecting are only having 1 year of tax return income (avg income at that) and finding the best deals out there. However, I have enough money saved to find some great properties.

I have already read through some of the tips and I am looking forward to scouring the forums for more helpful information.

Regards,

Aaron