First Time Investors

[Kellee Koenig]

Hello Bigger Pockets community!! We are seeking some first time real estate investor advice. My boyfriend and I have been following Bigger Pockets for a while now and have been planning to invest our money in real estate somehow. We are finally at a point where we are able to take action in the next couple months, which we are really excited about. We are struggling with whether or not we should purchase a multi-family property and live in one unit and rent out the other or purchase a fixer upper for around $20,000, fix it up, and resell it. My boyfriend is a carpenter so the fix and flip would be fun for us. We are in our mid 20s, we have a combined student loan dept of $80,000, have $10,000 saved up, and are approved for a $120,000 loan. Any advice is helpful to us. Thanks guys and we hope you are having an awesome day!!