My girlfriend (22) is actually a nurse and i (22) am currently in my own a year ago out of undergrad having BS for the Desktop Technology. I want to buy a house for the purpose of leasing or having fun with since a keen Airbnb to assist present coming monetary liberty. I am trying understand whether or not it will be a smart monetary choice if i were to rating an enthusiastic FHA financing towards a keen money spent when you are my personal girlfriend were to rating a loan for the another assets where we possibly may live.

• both my girlfriend and i enjoys a credit score over 770
• You will find saved and certainly will consistently save adequate money so you’re able to lay a down payment towards the an effective 250k assets just in case the new FHA advance payment would-be about 5%
• we really do not intend on to find a house to one another having at the minimum a few age therefore, the investment property might possibly be bought far ultimately (we possibly may actually marry before buying our own home and you may I am not sure exactly how that can connect with that it entire process)
• and if i qualify for this type of FHA finance, the space and kind of property my girlfriend desires for the upcoming household would be about 600-700k (we live in California??)

I’m sure my matter suggests certain insufficient insights how real-house expenses functions; I’m trying to understand in so far as i can, and i have numerous even more inquiries. When you have hyperlinks for some academic internet I would become curious for the examining all of them.

• united-says
• investing
• real-estate
• rental-assets
• fha

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