First Time Investor looking for advice starting real estate portfolio

[Jarred Marrow]

Hello all this is my first time posting on biggerpockets, I have been a listener of the podcast for a couple of years now. I am 27 years old and currently came into a settlement where I have extra money and honestly feel like the time is right for me to start looking into property. Currently employed but living paycheck to paycheck (not anymore after I gain my settlement money) and excited to start my journey here with you all. Any advice would be great also ball park capital I will have to work with on investing would be around 15-25k.

[Hamp Lee III]

Welcome to BiggerPockets!

One of the best ways to get started is purchase an owner-occupied property. It allows for the greatest benefits as a first-time homeowner. House hack if you can purchase a multifamily property with two to four units. I don’t always recommend renting out rooms if you own a single family home.

Check out the Neighborhood Assistance Corporation of America (NACA) loan program.

NACA was formed in 1988 and provides an affordable option for potential first-time buyers:

✅ No down payment

✅ No closing costs or fees

✅ No mortgage insurance

✅ No consideration of credit score

✅ Below market fixed interest rate

There are several requirements to be eligible, starting with attending one of their workshops.

https://www.naca.com

I wish you all the best.