We spent four years in a duplex, maintaining it in our rental portfolio as we transitioned to another house hack residence with an additional accessory dwelling unit-type house next door.Navigating the intricacies of FHA loans in competitive real estate markets can be daunting, given stringent home requirements and more complex processes.

In an era of low inventory, high inflation & mortgages rates, and strong competition, good investment opportunities become more scarce.

Similar concept as a duplex but without the fierce level of buyer competition. 

Considering your goal of house hacking a duplex, while FHA loans are common for first-timers, there are alternative financing options to explore:Conventional Loans: Need more credit and down payment, but offer flexibility. 203K Loans: Ideal for fixer-upper duplexes, bundling purchase and renovation costs.VA Loans: Great for vets—no down payment, competitive rates, and no mortgage insurance.Portfolio Loans: Private lenders, good for unconventional income or credit histories.Hard Money Loans: Quick, high-interest, good for investments or major renovations.With $30,000, mix it up—use it for a down payment, maybe pair with a conventional or FHA loan.

We offered cash to be competitive with the offer, there were 35 offers in 5 days.

You can determine a competitive offer price for a property, analyze market trends, property condition, income potential, and operating expenses.

I grew up in the bizz and I really like it..less competition than trying to find the same SFRs that 700 wholesalers are going after.. down side is this is all cash always..

. - Indianapolis is VERY competitive in the fixer-upper & multifamily realms.

With that said... there are unicorns out there where the rates are competitive without the points added.  

Hi Mayuresh,What are you priorities (cash flow, appreciation, competition, etc)?