Quote from @Shikirah Johnson:
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.
Hey Shikirah
I FEEL YOU. Both my girl and I were house hunting for a duplex somewhere in Florida with an FHA loan these past two months. I didn't even get to the point of making offers because we had to do a drive by and find find all the duplexs we were interested in to be in ROUGH areas. All of them... Glad I did the drive by every time. We also found that yes, many homes in the MLS remarks would not except FHA offers, so that narrowed it down pretty quick. We were super flexible because we both work from home and pretty much could go anywhere. We thought we had the state at our fingertips. Hours, days, and weeks of scouring the web, MLS, other resources looking for deals and researching neighborhoods, our hopes of house hacking started to fade. Damn, but the hunt continued, we eventually did shift to hunting for a single family home in a nice location, with growth, attractions, no HOA, and possibly air bnb a room while we live there.
Low and behold we did find an amazing little two bedroom home here in central Florida. I had booked the showing and didn't have any hopes in the property but figured "hey, it is on the way home. Lets check it out". The photos didn't do it justice. It had only been on the market one day, we made an offer immediately. Now we're under contract. Guess what, in many places it is still a sellers market. Both her and I are relieved to not be renting, excited to clean this up to be rental when we move and most of all, location, location, location. We LOVE the area. SO yes, at first it did feel defeating to have not locked down a duplex but we are moving in the right direction. The mortgage is within our means and there is opportunity to STR this in the future, good size lot to do many things with, good location. Not sure what your timeline is or if you have dependents coming with you on this journey, but it IS okay to pivot. We can't control the motion of the ocean. Like Hamp said, celebrate them all.