Updated about 5 years ago on .
Entry into real estate investing
I am currently preparing for the NMLS Safe exam to become a mortgage underwriter. I am transitioning to learn more about real estate and make more money as an underwriter to use to invest in properties.
I am looking for foreclosure properties, preferably multi family residential properties in Fort Lauderdale. I would like to use an FHA loan, and live in one of the units. Just as a way to get into the market with little to no money down.
What advice would anyone have who has done this before? I have read that multi families are not all it is hyped up to be, especially when reselling in the future. I have read that some new real estate investors think they have it figured out with having a multi family rental and living in it. I don’t want to be one of those people. Any advice would be greatly appreciated!