Constructing the beginning of our Real estate investing strategy

[Sergio Castillo]

My brother and I are looking to start 2018 with a jump into real estate investing. I started off by reading real estate books. As i got more and more familiar with the industry, I decided to take a course and take my real estate liscense to learn more through experience in the industry. I take my real estate associate broker exam on the 22nd of December. I have now also started to schedule and attend seminars to network and gain more knowledge. I have become obsessed with learning more about the industry and begin my own planning. I am looking to work as a real estate agent for a brokerage and start game planning my investment strategy. My brother and I have never bought any real estate before but have gathered up 20 K each. I am 24 years old with about a 700 credit score and my brother is 21 and bearly starting his credit. We were thinking that a good strategy would be to use our FHA loan benefit for a multiplex EACH. Something that would be ready for rental without any additional money. We would each have to intend to live in one of the spaces in our own multiplex to be eligible for the FHA loan. Then we could use the money we have to put down on a combined next investment for either wholesaling or fix and flip project. Any comments, suggestions, ideas?