All Forum Posts by: Shane Row

Hello, I am a first time homebuyer looking to finance with either a 203k loan or standard FHA loan I have pretty decent credit but not enough cash down payment for conventional loan which is why I'm going the FHA route..my goal after I receive my preapproval is to buy a foreclosed fixer upper in the price range of 60k-80k(either duplex or single family) and use the 203k to add value i.e add rooms upgrade kitchen etc then after a year of primary residency (required for FHA loans) I plan to rent out the other half (if duplex style) and hopefully create some kind of positive cash flow after expenses etc. I understand it's alot more to the process as I have done a ton of research but if I can receive any feedback it would be greatly appreciated.

Your absolutely right, thanks for the advice!

Hello everyone my name is Shane, I currently have no experience or knowledge of the real estate investment industry but I plan to change that real soon. I have done some brief but extensive research on what "strategy" and "niche" I should pick up in order to create the best cash flow and stability, in which my best interest and realistic goal would be to invest in a multifamily home with the buy and hold strategy. I am open to tips, opinions, or anything else that would further my knowledge of becoming a smart investor. Thank you in advance