First time investment

[Isabel Andrade]

Hello BP community members, 

I joined 2 days ago and I’m already learning SO much . I have a first time homebuyer question . 
My husband and I are currently renting but saving up to buy our first home . We are planning to take the FHA loan route since it's only required to put down 3.5 percent of purchase price . We are on the fence on what type of property to buy . If we should get a single family home that is priced within our range while saving up to buy another and rent that one out . Another option that we have seen in our area are single family duplexes which have been priced at about 130,000. Unfortunately, I am unable to move out of the city due to my job requirements.

Basically to some it up , what would be a better investment option in the long run to get us started off ? I know Multi-family is a big starter but our options are a bit limited in that area . Thank you ! 

[Harjeet Bhatti]

@Isabel Andrade You can buy duplex under IHDA program. IHDA can be combined with other down payment assistance program.