Help Buying First 4Plex

[Nicholas A.]

Hello,

I am wanting to purchase my first piece of real estate. I would like this to be a 4plex, as it is small enough to grind my teeth with. I have no real estate experience and a massive desire to get this going. 

I live in Dallas. There are two routes.. 1.) Live in one of the residences with a conventional loan and a small down payment, or 2.) Purchase the deal as an investment, and pay a higher down payment and interest.

I would also be willing to purchase the property as a joint venture. Right now, my timeline is about 1 year out, so about September 2021, as this will allow me to save between around $30,000.

My goal here is to gain experience in operating, purchasing, and working on real estate.

What do you think about this plan?

Thanks,

Nick