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Updated over 1 year ago on . Most recent reply

User Stats

7
Posts
6
Votes
Cody Flicek
6
Votes |
7
Posts

Young investor seeking the wisdom of others

Cody Flicek
Posted

Hello everyone, my name is Cody. I'm a 20 year old kid looking to get into multifamily. I'm hoping to be able to buy a piece of real estate with a minimum of 8 units by the end of the year. I have a job for working for Google Fiber and am currently saving as much as I can so I will at least be able to cover any vacancies and some of the renovations. My plan was to acquire a property through owner financing, and find someone whose goals align with what I'm trying to accomplish and have them cover the down payment. I don't want this to be the Cody show I want to be able to bring in partners and help them achieve their financial goals as well. 

I would love any thoughts/advice/criticism. I'm open to anything you guys might throw at me. I'm eager to learn.

Thank yall so much!!

Most Popular Reply

User Stats

355
Posts
268
Votes
Robert Rixer
  • Investor
  • Miami, FL
268
Votes |
355
Posts
Robert Rixer
  • Investor
  • Miami, FL
Replied

Unit count is usually an ego driven measure many investors fall into. Buy what makes the most sense in terms of risk reward whether it be an 8-unit, SFH or something in between

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