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Updated almost 7 years ago on . Most recent reply

User Stats

8
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2
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Shondell Alford
  • Atlanta, GA
2
Votes |
8
Posts

I’m 22 years old with a 554 credit score looking for fourplex

Shondell Alford
  • Atlanta, GA
Posted

I’m looking to get into real estate for the Financial freedom aspect of it. I would love to get a fourplex as my first property and house hack for a year or less with the long term goal being owning 60+ apartment units, commercial real estate and even just being in a real estate crowd fund. I’m not sure where to start even though I have just finished reading the bigger pockets rental property book. I’m located in the atlanta area which I believe is prime location for real estate and would love to capitalize off it it.

Most Popular Reply

User Stats

312
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349
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Kevin S.
  • Accountant
  • Tulsa, OK
349
Votes |
312
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Kevin S.
  • Accountant
  • Tulsa, OK
Replied

@Shondell Alford First two things you want to do are 1) get your credit score up and 2) start socking away money for a downpayment. Once you're score is up in at least the mid-600's (preferably 700's for best interest rates/terms) and you've got enough saved for a down payment you'll be ready to look for your first property. Then it's really just a rinse and repeat, where you then save up another down payment and buy your next one, etc. Good luck!

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