How early should I look into a property?
Hello investors!
I am in a particular situation. I have never bought a property before. I am in my junior year of college at Kent State (in northeast Ohio) and would like to purchase a house this upcoming summer to live in for my senior year. This house would be a live-in-flip or I would rent out the other units/ rooms if it was big enough or a multifamily.
I'm unsure about several things:
1) When should I start the buying process? I am leaving my current apartment at the end of July so when should I start looking at houses/ talking to agents/ etc?
2) I don't have a large amount of cash so should I do an FHA loan so that I can get 3.5% down payment or would another option be better?
3) As a new investor, what price range should I be looking at? Should I look at foreclosures or 30K houses or higher? From your personal experience, how did you get started or what do you recommend?
I appreciate you reading my post. Any advice is appreciated! Thank you!