Hi all!

I'm a new member and I've been listening to BP podcasts for 2 months now. I just love it. I'm from a french province (Quebec) which is close to Montreal in Canada, my english might not be perfect (and i'm sorry for that) but here it is :

I am a full time student but I'll most likely get a full time job by the end of the year. I have about 30 000$ sleeping in a trust fund. I've been waiting to start in real estate for a while now (almost 3 years) and it is time to get started. I would like your advice on these two choices I consider :

Option 1: Getting a first SFH below market (under 150K) which would consume almost all my cash, rehab it, rent it and refinance it (we don't have seasoning period here) and repeat. Problem is, the market is quite tight in my area and homes are an average of 120 days on the market. There aren't many ''deals'' and only a few foreclosures (under 5). Next taxes sales is only in September. Therefore, I am scared of not finding great enough deals to do BRRR. Plus, I don't wanted to get involved with private lenders yet since I have no experience.

Option 2: Waiting for a couple months because one of my family member will most likely be able to loan me (interest free) another 25K then I could get into a bigger building and buy my first MF building (5-6 units) around 400K.

Do you think it is better to get started now with, let's say a 150K SFH and perharps not being able to buy another property before getting another 20-30K for a down payment (which could take me 2 years) OR wait a bit and get into a 400K MF building. The 400K would be financed 75% bank, 12.5% seller financing, 12.5% me. The SFH would be financed 80% bank, 20% me.

I'm currently setting up a Real Estate Investments company and looking for an optimal growth strategy.

Any ideas ideas or thoughts or experiences would be very appreciated.

Ho, also if you can rate my ''english writing'' on a scale of 1 to 10, 1 being awful (ah ah). I'm trying to improve.

Thank you,

Kevin