Need your opinion - What type of property for 1st rental.
Hey All,
I'm trying to make the most bang for my buck and I'm perplexed as to which one I should start with first.
FHA 203K (Multi family rehab loan, I believe 3% down)
Homepath rehab (I believe 10% down)
Traditional foreclosure(20% down if investor property)
I'm trying to get the best possible income stream and I probably shouldn't get pre-approved for all 3 loans correct?
My choice would be FHA 203, Homepath, then foreclosure - is that what you would decide on?
Thanks in advance!