As a new entrepreneur how do I get started in this businesse

Longview, WA · Member since 2026 · 3 posts · 0 votes

Hi I’m Ayden 19 and am interested in the multi-family based rental businesses however im in schooling so i have little to no income how do i start off and if i start smaller what do you suggest I start with like a smaller buisness or a smaller rental size although I noticed the sites with more units are the only ones worth it

0 Reply

38 views

1 Reply

Jump to latestLatest

Sort by

Ashish AcharyaBusiness Member
CPA, CFP®, PFS · FL · Member since 2017 · 5k+ posts · 3k+ votes
6h
Ayden, at 19, I’d actually take advantage of the fact that you have time to learn before taking on a large multifamily deal. I wouldn’t worry about buying a property with a lot of units just because the bigger properties look more profitable. A smaller rental or house hack can teach you the same fundamentals, financing, tenant management, repairs, underwriting, and cash flow with much less capital and risk.
Since you’re in school and don’t have much income yet, I’d focus on learning how to analyze deals, understanding different financing options, building your credit and savings, and getting connected with local investors and lenders. You can also learn a lot by helping other investors with things like deal research, property analysis, or finding off-market opportunities.
Once you have income and capital, you’ll be in a much better position to decide whether your first property should be a house hack, small multifamily, or something larger.
Happy to connect!
[email protected]941-914-7779
INVESTOR FRIENDLY CPA®5241 Reviews
Website View Page
TaxMD® | AI-Powered Tax Planning
Website View Page
1 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.