FHA House Hack or Invest Long Distance
Hi All,
Recent college grad here who is looking to buy and hold a small multifamily, cash flow property. I have about $15K I'm able to invest, and am torn between house hacking on an FHA loan near me (New England) or going 25% down in a much cheaper market long distance. I'm currently living at home and am looking to move out so I'm leaning toward house hacking but the PMI makes me hesitant.
Any thoughts BP?