1st Investment Property

[Marc Bernal]

Hi everyone, I'm new in the real estate investing world and want to get my first investment property this year. I am 22 don't have much money and an okay credit score, so I was looking into doing either a Syndication deal or a seller financed single family home that I will turn into an Air bnb. Either way I know that I need more knowledge and most likely a mentor who has done these types of deals. I wanted to know if these are the types of deals a new investor such as myself should be perusing or what course should I be taking? Any advice is greatly appreciated. 

Thank you  for your time,

Marc Bernal 

[Carini Rochester]

I doubt you could do a syndication for your first deal. Syndication requires a wide network of people who will trust you with their money. It generally takes having a few successful deals already done before you can sell yourself as a syndicator. Also, the legal and accounting professionals would make this an expensive way to start, I would think. The seller financed idea, I think has more potential. The first house I bought was seller financed. These are usually off market deals, so you need to get the word out that this is the type of deal you are looking for. Look for 'For sale by owner' signs. Talk to family members and family friends. Talk to real estate investors who may have a property or two that they want to unload. Best of luck!