I have been reading Long Distance Real Estate Investing - David Greene, and came across an interesting tidbit of information: Your first 10 (1-4, 5-10) property loans are Fanny Mae insured, after which your loan criteria become more unfavorable (variable rates, stricter credit score requirements etc.). Of course, I'm dumbing this down but it's focused on the gist here.
Now, I planned on going long term buy and hold in a student housing market with SFH around the $100-150k mark. This would be my first investment property. But after reading about the above, I am thinking, should I save up more and go for multi-family in the same/ similar market? Should I save up significantly more and invest in a bigger town? Are there other strategies I should apply?
As of right now, I work in tech, and house hacking is not an option since most opportunities are here, and hybrid/ WFO. Any insights and or pointers to resources would be greatly appreciated!
