Beginners- Looking at a Fannie Mae HomePath Property
Hey BP
My husband and I are new to real estate investing. We are planning to flip our first few homes and use the capital built to buy rental property. We have found what seems to be exactly what we are looking for and after reaching out to the seller and doing more research we received this notice
"This is a Fannie Mae HomePath Property. The seller has directed that all offers on this listing be made using the HomePath Online Offer system at the HomePath website Buyers, complete the HomePath Ready Buyer homeownership course on homepath. Attach certificate to offer and request up to 3% closing cost assistance. Check HomePath for more details"
We have no experience with Fannie Mae, and don't know anyone who has bought property from them. We are afraid it will be a messy drawn out process and since we are so new to this we are afraid of getting tied up into some waiting game. So my question is...would buying our first property through Fannie Mae (no matter how good of a deal) be a mistake?
Thanks in advance for your help!
Laura & Scott