Im 18 looking to invest in apartments need some advice tho

[Shiyear Woodbury]

Ive been interested in real estate since I could remember. From flipping house to now apartment investing. After research and reading ALOT of articles and videos it just seems to click with me more then flipping houses. Only thing come in between me and apartments and that's money. Just graduated 2 mouths ago and I'm trying to get a jump at this career early, very early. I know about FHA loans and 203k loans but I was trying to do more then a 4 unit building. My biggest question is about equity. My parents own their house for about 5 going on 6 years. The apartment I was looking at is a 12 unit for 547k but is worth little more then 300k cap rate of 8.48% I think if I remember correctly in Augusta, GA. But say if my parents equity is around 60k. Would it be smart to use that as a down payment? Because wouldnt I then have to pay off my mortgage on apartment and then pay off my payments on the 60k of equity? And I'm not trying to split with investor right not until I build my portfolio and build credit higher. I would appreciate any feed back to help jump start my career, thank you very much.

[Thomas S.]

Your best option, which I do not think has been mentioned is to  get yourself a good paying job and begin saving to invest. You need a good wage to be able to qualify for mortgages so there is no point in trying to avoid a 9-5 pay check. At this point in time your parents would be nuts to loan you a cent until you have a proven track record of investment.

Since you have been out of school for two months I will assume you have a job, any young ambitious person would in your case so you need to concentrate on increasing your income at every opportunity, a second job would help combined with living frugally and saving every penny. Stay away from old friends that are still living the "live for today " attitude and connect with others driven to succeed. Also do not waste money on toys, electronic gadgets, cell phones, cable TV,  etc at this point in your life are a waste of good money.