23 years old with cash available but no direction

[Jaylin Logan]

I’m 23 years old and fairly new to the real estate investing world. I’ve done quite a bit of research the past few years & I’ve only gotten far enough to know the avenues I could possibly take. I’ve always been eager to get started but also too scared to just stick my neck out & make the wrong purchase. I have a little over $120k to invest but need a bit of direction to know where to begin. I’m looking to maybe invest in Louisiana (where I’m from) being that the cost of living is so low. The multifamily webinar kinda gave me a bit of insight and was thinking of going that direction. If possible, please reach out with any advice, tips or direction. Anything helps

[AJ Wong]

I owned a property by the time I was your age but didn't have my head on straight..you have plenty of time, so take it. With that said you're heading for success, RE investment is about duration. I would advise to start small. Possibly purchase a primary with a second ADU or Duplex. You'll get the most favorable financing terms and offset your housing expense while paying principle. Be conservative and connect with professionals and friends or relatives of those that have successfully invested in Real Estate. Look into FHA loans for 1-4 units and check in with
@Joseph Chiofalo for first time investor mortgage overview. Good luck!