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Updated over 1 year ago,
Pursuing first Real Estate Investment (Small-multi)
Hello Everyone. My name is Marcellus Jordan and this is my first post on Bigger Pockets. The purpose of this post is to document my thought process and also to share my current situation. I most recently graduated from university with my Master's Degree in Engineering Management (80k in debt). I currently have a job lined up in December working at Amazon as a software engineer and currently make money from freelance software. In the meantime, I will be back home in the Greater Houston Area.
As of recently, I've decided that I want to invest in the small-multi space (to cashflow). To do this I plan to try to get approved for a FHA or 203k loan. The idea being that I would live on the property and rent out the additional units. Would appreciate any advice as I get started on my property search. Also, would appreciate any insights into the process of getting approved for a mortgage. Lastly, I plan on purchasing pro membership soon, so that I'll be able to analyze more deals.
Looking forward to networking with you all.