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Private Lending & Conventional Mortgage Advice

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Carlos Powell
  • Investor
  • stockton, CA
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34
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Using a Fha loan for investing?

Carlos Powell
  • Investor
  • stockton, CA
Posted Jan 9 2015, 08:09

Hello BP,

   I am a new investor with very limited funds to invest with. That being said, most fingers point to wholesaling for a starting spot for investors with low funds,  but other investors says wholesaling is a horrible start for newer investors. so I was wondering if using a fha loan for my first investment is a good idea. If so , what sort of strategy should I be looking for? I've have been approved for $115,000 with two down payment assistance programs so all i need to bring to the table is .5%. 

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