Updated almost 6 years ago on . Most recent reply
My first property !
Hey , I’m currently 21 and would like to start off my journey of passive income and investing. I live in MD. I have 20k Capital and been seeking advice on what’s the best way to start off going in multi family investing. Should I start of with with a home and renting it out first or can I go in multi family with just this capital? Do I need more capital? Should cash flow be my goal at first or should appreciation be the goal? I have a million questions and would really like a mentor or someone who has been there to bounce my questions off and pick at. Thank you. Any advice would really be appreciated.
Most Popular Reply
Welcome. We probably need more info to give good answers and also there are often no right answers just opinions. For example, I only ever care about cash flow. It has to be there or I'm not. Appreciation is icing on the cake. Other investors care more about cash flow. Who is right?...trick question, I am.
Now whether you can get info multi with your capitol, that depends on the cost of the multi vs the SFH. if you can find a multi for $100k then you have enough to put 20% down on that.
I would worry less about should you go SFH or small multi or large multi, to start out. Look at all options and which ever opportunity provides cash flow first, buy it.
The goal is simple...get started.