Hi guys and gals
My wife and I are shopping for a house and were wondering if we should buy something move in ready or should we try to find a foreclosure? We're going FHA and don't mind doing work if we'll make more and have equity. We have a goal to stay in this house for 8 years, expand our business and then buy our dream home(mini mansion). We found a place today that we love, great neighborhood, schools and a great house but we'd be buying it at fmv.
I would love to hear your opinion on if we should take this place or hold off and try to find a foreclosure. Thanks in advance for the input everyone.