203K and FHA Loans. Which one?
Hello BP community-
I am currently in search of my first investment property as a "buy an live". I am currently renting in a apartment and I am sick if throwing my money away to the person I aspire to be. I want my first purchase to be a small to medium multifamily home(preferably a duplex or triplex). Since this is my first purchase and I would be living in it for 1-2 years until another deal comes along, I believe I would qualify for FHA or a 203k loan. My question is this..If you were me in my situation, what type of loan would you use? Would you go a different route other than FHA or 203K? Any tips you would like to share as well please feel free. Thank you.
Mathew Weissman