New to investing and seeking guidance
Hi everyone,
I am new to investing and eager to get started, but I am not quite sure where to begin.
I've been considering purchasing a multifamily property as a way to build long-term wealth. At the moment, I have approx. $20k saved to invest, However, I also have a very demanding job and family responsibilities, which leave me with limited time to dedicate to navigating this process.
That said, I am highly motivated to take the first step and begin building a strong financial foundation for myself and my family, I just need some direction on how to approach this thoughtfully and efficiently.
For context, I am based in CT.
If anyone has advice, resources, or insights on how to get started, particularly with limited capital and time, I would truly appreciate your guidance.
Thank you in advance.
Most Popular Reply
Hey @Teya Beradze, you're lucky being based in CT! Zillow ranked Hartford the number 1 hottest market in 2026, so tons of opportunity around there. I personally have a duplex in New Haven I purchased in 2022 that's been doing very well.
That being said, $20k is tight, especially for multifamily. You'd probably need to do an owner-occupied situation with FHA or 5% conventional to make that work, not sure if that's something you're considering.
My best advice is to figure out the city/county that you're interested in based on your budget and then search the forums for an experienced, reputable agent who owns rental properties in that area. They'll be able to give you solid advice on which pockets to target/avoid, and help you run numbers on properties. Best of luck!
