Updated about 5 years ago on . Most recent reply
FHA vs Conventional loans
I'm planning on buying a duplex or triplex mainly because I want to rent the other units. I think this is a great way to start my Real State journey as an investor to then continue on buying other rental properties in the future. I have read a couple of Real State books and watched plenty of videos to be informed. I feel the time is right to start. I am still deciding if the FHA or Conventional loan would work for me because I see the house as an investment not only as a place to live. Here is where I get confused. There are a lot of videos that suggest that the conventional is better because of the mortgage payment being lower then the FHA loan. Also, it is mentioned that FHA has other higher expenses. However, if I choose to use the FHA loan and the math or ROI works should I really be worried? Or should I wait and safe more money to use the Conventional loan?