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All Forum Posts by: Dominique L Miller

Dominique L Miller has started 2 posts and replied 2 times.

General Real Estate Investing

Post: To get an FHA loan do you have to actually occupy the property?

Dominique L MillerPosted
  • Posts 2
  • Votes 0

Can I use an FHA loan to buy a rental property? I rent a house now so is there anything against me keeping my rental and buying a home using an FHA loan to use as a rental property for passive income? Not sure if you have to actually occupy the home for 1 year of if you just can't get 2 loans in one year.

0 Votes
Starting Out

Post: 5K to invest in real estate.

Dominique L MillerPosted
  • Posts 2
  • Votes 0

I have 5k that I want to use to start investing in real estate. How would you seasoned investors recommend I start? I already know that I could save more and have more buying power but that's not what I want to do. Should I purchase a mobile home to rent out? Buy a cheap home in Detroit to fix up and rent out? What other options can you think of? I will be doing most of this remotely so if you have some ideas that are specific to your location I would still like to hear them. My end goal is to generate passive income and reinvest it into another rental. I am eligible for a VA loan and house hacking isn't an option. I appreciate any input.

0 Votes