Advice please. Just need some direction !!!!

[George Arredondo]

Hello world. Im a married father of three and want to begin my real estate journey and plan on creating generational wealth for my family. I am a police officer and cant re-locate too far from where im stationed. My plan is to House hack to save on rent and use the savings to re-invest. I am looking for at least a 3-4 unit multifamily but have no capital at all. I plan on using an FHA LOAN but dont know which market is best. Im considering New Jersey or somewhere upstate. Please any thoughts on anything i just said ? 

[Drea Na]

Hi George,

I'm sure you could find a deal that you could get into with no capital at all - however I can't see how getting into a 3/4 unit place with no capital is a smart move. You will absolutely need a reserve for vacancy and repairs at minimum. 

In your shoes I highly recommend saving and educating yourself on the market, attend meet ups with local real estate investors, get the pro account on this platform so you can use and get good at analyzing deals on the calculators.

There's several books on this platform that you could educate yourself with.

Hope this helps :)