All Forum Posts by: Jordan Thompson

@Erik Whiting thank you for your reply. I am single, currently working , not in school, live with my parents where I split bills equal with them, rent etc. I saved the capital from my work and when I was younger I bought cars from auctions, fixed them and sold them. Then I went into stocks which I didn’t have enough capital to trade value stocks so I traded penny stocks, basically a day trader for a few months, and the cash I have from that plus the job I’m working now. From a younger age I liked the idea of snowballing and compound interest and having my money work for me. I started working in a factory last year because that was the highest paying job I could get as the end goal being to invest and start acquiring assets.

Hey , I’m currently 21 and would like to start off my journey of passive income and investing. I live in MD. I have 20k Capital and been seeking advice on what’s the best way to start off going in multi family investing. Should I start of with with a home and renting it out first or can I go in multi family with just this capital? Do I need more capital? Should cash flow be my goal at first or should appreciation be the goal? I have a million questions and would really like a mentor or someone who has been there to bounce my questions off and pick at. Thank you. Any advice would really be appreciated.

So I am 21. I am planning on buying a multi family property to start my journey into passive income and investing. I have 20k cash in hand and I’ve been getting advice from people who really haven’t even started. So my question is would it be better to buy a duplex/four Plex? Is my capital enough? How do I go about doing this the right way? What can I expect starting off, fees, roadblocks, cash flow etc.