Newbie looking to B&H Multifamily property
Hello all! I'm a 26 year old Vet, current college student, and brand new to the forum, and have been looking into starting my real estate portfolio for about two years now. I'm looking for a multifamily property (no less than 4 units) within a 3 hour drive from Nashville (Looking at Memphis at the moment). Ultimately, free cash flow after setting aside 10% into a repair fund will go to finance more investment properties, etc.
I have about 10K saved up, another 12k in the stock market, and good credit- I just have no idea if this plan is feasible. Granted, math isn't my strong suit, but the deals keep coming off as "Too good to be true".... So, I suppose the question is "Can it be done, or should I wait 3 years to raise another 10k?"