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General Landlording & Rental Properties

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Darwin Liu
  • Malden, MA
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Need your opinion - What type of property for 1st rental.

Darwin Liu
  • Malden, MA
Posted Jun 20 2014, 09:49

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!

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