20 years old need some advice !

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Hey guys I'm Nick. I'm 20 years old living in Westchester County, NY. I currently live at home but am very eager to start investing/buying property/starting passive income at a young age. I live with my father in a multi family home which he owns, but he wants to sell it soon and move down to Florida. This leaves me needing to find a place. I have money saved, enough to put a good down payment on a condo/house. I was looking into co-ops, but they need 3 years of tax returns which I don't have because I've only been working on the books for about 6 months. I would love some advice. I was thinking to buy a multi family, live in the smallest apartment and rent the other one/two. Ether that or buying a small house that needs work, fixing it up over a few years and selling for a profit. If anyone has any advice for me I would more than appreciate it !! Thanks..

[Marvin Stewart]

Originally posted by @Jerome Lanier:

Hi Nick, seeing as how your father is looking to sell do you think you can work something out to buy that property from him? 

 Exactly was I was thinking Jerome. Nick, I would talk to your dad and ask him if he would even consider letting you keep the house and you could rent it out. I'm sure there are people that are probably looking for a roommate and would be willing to lease out a room. If you do your calculations, you will be able to pay the mortgage if there is one, put some extra money in yours and your dad's pockets and help someone that is looking to lease a room. 

Is the house free and clear or mortgaged? There are more options that one with this property. Speak with your dad asap!

M.L.S.