Am I buying my first home or second?
Hi BP Community,
I am new to real estate and am spending most of my time right now researching, learning, and networking as much as I can while working a full time job. My full time job provides pretty good flexibility so I'm looking forward to starting my new RE career.
My question....my girlfriend and I bought our first home back in September of 2020. We put down 20% and borrowed some money from family. Part of the deal with her family was that I am not on the deed until they were paid back since they put up a good chunk of change for us to get to 20%. Well now they are paid back and I can go onto the deed for our personal home. My question is, should I hold off getting put onto the deed so I can take advantage of an FHA loan for a rental property? I also do still have some student loans, will I still be eligible for an FHA?
Any and all advice is appreciated! Looking forward to hearing some responses. Thanks everyone and have a great day!
-Ryan