I think I found a deal in my local market, the house needs a cash offer and it is way below market value and it's a duplex. I have been looking for a duplex but i wanted to do FHA. This house is not going to pass FHA, should I just keep looking or is this a deal I can get in on with a bit more expertise? This is my first property. It's selling for about 285k in a market that duplexes are selling for 400k
Hey @Joel Thomas do you have friends that are investors also?? Do you belong to a local REIA? I bet someone there will have private money for you. You can get hard money also.
You may WANT to buy FHA, but the NEEDS of the situation take precedence over what you WANT.