1 Conventional or Multiple FHA's (with Partners of course)
Greetings BP family! Im looking to invest in my first RENTAL property in the Metro Atlanta area sometime this summer and need some advice. I have about 30k to invest (w/very good credit) and wandering what buy and hold path will best lead to financial freedom and allow me to purchase more property in the near future.
So I'm debating on two approaches:
1st would be to House hack. Rent out my current house and buy a Multi Unit (with an FHA loan) and still have about 20-23K cash to partner up and/or buy another property?
2nd option would be to purchase the same multi unit with a conventional loan. Rent both sides of the duplex and Air b n b current property. This will allow for more cash flow and to eventually purchase another property. I would also still be able to use FHA.
Looking for some advise from SEASONED investors and would love to network with anyone in the Metro Atlanta Area.
Thanks!