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Updated over 10 years ago on . Most recent reply

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34
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3
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Carlos Powell
  • Investor
  • stockton, CA
3
Votes |
34
Posts

Using a Fha loan for investing?

Carlos Powell
  • Investor
  • stockton, CA
Posted

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%. 

Most Popular Reply

User Stats

303
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101
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Justin Howe
  • Investor
  • Chandler, AZ
101
Votes |
303
Posts
Justin Howe
  • Investor
  • Chandler, AZ
Replied

@Carlos Powell I'd recommend buying a SFR or small multifamily and house hack. Rent out rooms that you aren't using to build reserves and then use that cash to start a direct mail marketing campaign.

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