First deal on the way, torn with financing
Hello everyone - I am currently working on my first deal and I'm torn (mostly fear and financing). I have several duplexes that I am considering all are currently occupied & cash flowing with 'long-time' tenants and rent raise potential. I will not be able to live in either unit.
I also have a few SFHs 2+ bd/ 2+ ba.
If I purchase a SFH, I will live in the home and keep as a long-term rental and to use the equity to purchase more properties.
Financing, I'm torn between an FHA w/ 203K and R&D financing with down payment assistance.
The R&D financing is limited to 1st time home buyers.
What are your thoughts?
Thank you in advance