All Forum Posts by: Jackson Vasey

@Ty Ash

Noted, yeah the 4-3-2-1 sounds like a method I will look into. I appreciate the advice.

Appreciate the advice Eric. Yeah my credit score is just above a 750. I would be putting down more than 3% and less than 20%. You have any possible other strategies that might work better? Especially when it comes to negating or making my money stretch the furthest when it comes to debt to income ratio?

So I've done some research but I have a few questions regarding FHA loans. I currently am saving money for a downpayment(I don't own a home currently). I intend on purchasing a home then living in it for a year and then if I understand correctly I can then purchase another home using an FHA approved loan assuming I live in the new home for atleast a year. This would allow me to purchase a new property every year or 2, granted I'd have to live in that new home for atleast a year and that would allow me to rent out the old property. From my understanding this type of loan also applies to duplex's and even triplex's as long as I occupy one of the units for atleast a year. Any advice or input on other strategies would be appreciated. For reference I live in Central FL, I am 21 so I don't need to get a lot of properties fast using crazy risky methods or anything, also don't have any interest in buying larger properties with partners.

Thanks for any input 

Hello, first post on this forum. Been listening to the Podcast for awhile now.

I’ve started working in my career and I’ve been starting to save a sizable amount of my income. I’m looking to purchase a house and live in it for a year and do light cosmetic work to it then move into another house and rent out the previous one. I’m in the Orlando FL area so all of the houses around my area are 200-300k for a standard 3/2 or 4/2. I’m open to strategies and wondering how much I should save as a down payment before I make a purchase. Since I’m living in it first would it be wise to just do a 3-5% downpayment? Any advice is appreciated. Thank you in advance.