All Forum Posts by: Eric Casey

@Dave Van Horn Thanks again for the input and advice. That all has greatly clarified my questions and confusions and should help to guide me towards my first purchases. I really appreciate the help.

Thank you for the response and advice @Dave Van Horn. That information is very useful to me as I wasn't aware they factored past living situations so much into my qualification for the FHA. In the hypothetical situation that in 9 months I have enough cash to put 20-30% down on a loan, would you recommend still using the FHA and only putting a small down payment down, using the FHA rate with 20% down, or just going the conventional mortgage route and putting the 20%? I know many factors would play into that question but from a general standpoint are there advantages to putting lower amounts down when given the option?

Hi All,

For my first property I would like to take advantage of a FHA mortgage to use the low down payment option and a buy multi family to house hack. My issue is that I am locked into 9 more months of a rental lease, so moving into a new place is not feasible for that amount of time. Would anyone have any opinions on me buying something like a sfh to rent out in the meantime, if so, are there are any alternative options to the FHA for the low down payment? Or would it be more financially wise to wait the 9 or so months to move into a house hack situation?

Hi @Raymond B., I appreciate the message. It's good to know there's like minded people in this market as well. I will definitely (and already have) be spending a lot of time on this site. The amount and quality of info is amazing!

Thanks for the message and advice @Rick Santasiere. There is is a lot to learn.. Luckily it is very interesting information to read about. I look forward to connecting with you and @Michael Noto in the future.  Thank again!

Hi All,

My name is Eric Casey and I am about as new to real estate as they come. Fresh out of college and working my first 9-5. I have really no experience in real estate, but I have envisioned myself getting into smaller buy and holds (single families or small dwellings).  I recently moved to CT and would love to learn more about the market in my neighboring towns (Berlin, New Britain, Middletown area) /hearing opinions and methods on analyzing markets. Although I am not looking to immediately buy, I would like to begin my research and develop a plan to best prepare myself for that day. I hope the more I read and learn about real estate investing, the more I will be able to contribute to the discussions and interactions that take place on BP, as well as in the local community. Thanks in advance for all the help and guidance.

-Eric Casey

Hi All,

I am about as new to real estate as they come. Fresh out of college and working my first 9-5. I have really no experience in real estate, but I have envisioned myself getting into smaller buy and holds (single families or small dwellings) opposed to flips or large # of unit buy and holds. I recently moved to CT and have would love to learn more about the market in my neighboring towns (Berlin, New Britain, Middletown area)/hearing opinions on analyzing markets. Although I am not looking to immediately buy, I would like to begin my research and develop a plan to best prepare myself for that day.  I hope the more I read and learn, the more I will be able to contribute to the discussion and interactions that take place on BP, as well as in the local community. Thanks in advance for all the help and guidance.