Help getting started in real estate!

[Salomon Romero]

Hey everyone! So I kind of know the basics of real estate, but a little background about myself is that i just turned 21 years old, I live in New York, and I have about 50k saved up and I want to get into real estate, I currently have a pretty good credit score, and my question is, should I buy a multi family property because I would like to move out but house hack but should I look into New York or should I branch out and look into PA, NJ, or upstate New York, considering I still live with my parents and just started to pay rent.

[Stephen Brown]

Solomon, I just made this mistake. Although I live at home I purchased a property the conventional route. Now I can't pull my money out of it until I build more equity. I love my family and wanted to live at home, so I went that route... but if you want to go "fast" then you should house hack if the numbers make sense. I'd also recommend looking OOS in cheaper markets such as mine for the ability to scale faster.