investing

[Michael Cavitolo]

What can i do with $10,000 ? how can i invest it strategically? 

[Melissa W.]

Hi Micheal,

That's great that you are already thinking about your future at such a young age! 

As you know FHA loans are backed up by the government, so if you end up defaulting on your mortgage payments, the lenders still get paid. With that said, watch Brandon Turner's podcasts. He is a co-host partner of Biggerpockets, and also has a passion for buying multi-family units. You could live in one of the units yourself and rent out the other units. In some cases, the leasee's could pay for your entire mortgage.

 Make sure you understand the 2% rule and the 50% rule to determine that you are doing your calculations correctly.  

Hope that helps.

Good luck.

Melissa