Take advantage of FHA Loan or use traditional?

[Account Closed]

Im looking to buy a home with the intention of making it an investment property after a year or so. in south jersey I have the money for a down payment and rehab costs. However should i take advantage of the FHA loan and keep the cash that would have went towards the down payment and refinance after a year?

[Moises R Cosme]

Tyler, if I could start all over, I would have bought a 3 family with an FHA loan as my first property. You can do it low money down, be cash positive on your first property - owner occupy and use the cash to do another deal; this approach would have maximized my leverage & been the most efficient use of my money.