I was just approved for a $250,000 FHA 203k loan. I have a remote job where I can move anywhere west of Houston TX.
What would you do to make the most of this opportunity from an investment approach? I currently own a primary residence and 1 SFR in Houston, and plan on making my primary a 2nd rental.
The BRRRR method, House Hack a multifamily, House Hack a single family, renovate something for a future AirBnB, there are so many ideas running through my head, so I figured I would pose the question to the community.
What would be your play? What areas are ripe for this type of investment?
West of Houston and in that price range will probably keep you in TX where there are a ton of good options in San Antonio and El Paso
@Jermaine Williams if you want to use an FHA loan you can't buy a multifamily. I would look to San Antonio which is rapidly growing and find a 2-4 unit and house hack it. I would recommend living in the area first, reading the local business journal, and attending some investment meetups to get a lay of the land.
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