I’m here to ask the experts which route I should take, if any.Basic details about me: I’m 34, recently married and no kids but planning to within the next 2 years(this detail is just for you to know that I don’t have much restrictions on moving aside from commuting)I currently own a coop in Yonkers, NY with roughly 50k in equityI am willing to invest in the tristate area but if I have to live in the property I have to limit my distance to Bronx, Westchester and Connecticut.I also have enough saved to buy a 275k property with 20% down or the max allowed with an FHA loan (this is without having to sell my coop)I have excellent credit which will qualify me for loan without an issueThe way I see it I have 3 options in order to get started: Sell my current coop, buy a triplex in a worst neighborhood with more TLC needed, and move to into the property for at least 2 years to qualify for an FHA loan.

Things like Knob & Tube or Aluminum wiring, in ground tanks, tenants with certain breeds of dogs, proximity to a coast, etc. are all factors that could limit the companies that will insure you or raise the cost.Feel free to PM me if you need more info on any of this. 

I have limited knowledge of buying a portfolio. 

I have a home equity loan out for ~$98,000 with the property being valued at ~ $215,000I realized there was a ton of equity sitting there so I decided to apply for a cash-out refinance...during my 30 minute phone application one of the questions that came up was "Will you be using the proceeds to purchase any real estate?"

If you have rehabbed the property, your most likely already good on any items that FHA would want to see versus the conventional loans.All PSA have a time frame for the buyer to make loan application and get pre-approved, although that time frame is typically around 5 days.

Basically, I have a set limit that I can’t go over, and I only pay interest on the amount of credit I use, when I use it.

Definitely changed the way I see real estate, business and it helped shatter my limiting beliefs at that time.

I'm a bit worried right now if the numbers are also applicable here in the Philippines because I see some rental property owners renting their property for a very low price. 

If you fill out a loan application stating that you are married and don't disclose that you plan on divorcing you are committing fraud.

Can it maybe not be applicable?