Beginner: multiple doors or play it safe

[Nathaniel J Mott]

Hey BP,

I'm looking into purchasing my first home sometime around the beginning of the new year. I'm waiting a little while to see how this "no-eviction" policy plays out, and further educate myself.

I have almost 70k saved up and a 760-790 credit score. If you were in my shoes, how would you proceed? 

I originally thinking I'd only try to buy one property and go with a conventional loan. I'm going to house hack a duplex or single family home. Now I'm considering using my FHA loan to put less money down, still house hack that residence, and use my remaining money for a down payment on a rental property. I live in Raleigh and would like to invest close to home. It appears to be mainly a flippers market here. I'd like to do some renovations on whichever property (or properties) I buy and try and obtain at least some cash flow.