All Forum Posts by: Jordan Thompson

Good day Al!

I am new and would like to start my real estate investing journey!

I am currently renting and have the option of FHA or USDA financing. With the end goal of creating wealth and building a portfolio of SFH and Multifamily in the next 30 years, this being my first property, which would be best for me to take ?

With the goal of eventually buying my first SFH moving out and renting , which is the best loan?

Good day to All.

I currently rent, which I would like to stop. So I am about to buy a house , paying off my investment would be the goal and to acquire more properties to build a portfolio.

My question is, which is would be best for my long term goals of having Single family homes for rental. Fha or USDA?

@Tom Hacku yes definitely, there are a lot of new constructions home and apartments being built by the developers and bigger money. Buying now a SF to live and add value right now, then in a year rent out completely will hopefully be my start to building wealth.

@Matt Hassler I would really appreciate that! I’ve sent and request, hopefully we can connect and sit and I can run some questions by you as a fellow investor doing the same in my area.

@Courtney Jones

Thank you for taking the time out and replying!

There are currently not much , if at all multi family’s in my area for sale. All new developers are taking over land and building them. do you think getting a fha loan and buying a sfh and renting out rooms while I stay there all while fixing it up would be a good financial idea in the long run?

@Jimmy Hodges that’s exactly what I would like. Do you believe that is best ? There are not much multi family around my area that are up for sale, Martinsburg West Virginia. I was thinking, is it possible to get a house, fix it up and rent out rooms to young working individuals and possible after a year rent it out to a family when the fha rule of living for a year is up?

@Louis Jeffries thank you for your advice. I was thinking the same, but currently in my city , martinsburg West Virginia, there are little to no multi family for sale.

I currently go half on rent with my mom, would getting an fha loan for a house and renting the rooms be the best bet?

If I fix a house up with Fha loan, could I sell after a few months ?

Hi, I’m 22 years of age. I’m looking to get a Fha loan to purchase a home. I currently have 25k saved. 15 co-signer , 10k me. My aunt has always wanted to get into real estate investing and in short, she will be with me along the way. My question is, should I purchase a townhome, that’s move in ready? Or should I get a house that can have some value added? My goal is to rent it out after a year of living there .

@Shannon Robnett thank you. That really hit home. I will definitely research that idea of getting maybe a 4 bedroom or 3 and see what the cash flow could be. I’ll do some research and see. Thank you for that idea. In your experience , do you have the numbers or know anyone who has started off like that?

@Erik Whiting. I want to invest in real estate because I love the idea of seeing my assets , like the idea of buying books and not listening to audio. Something about seeing your assets face value that attracts me. I also would like to gain financial freedom and build a portfolio one day if I am blessed with a family, taking care of them shouldn’t be a problem. Concerning Education, I have no skills concerning real estate industry. I went to school for business management and took a interest in finance.