College student seeking advice

[Ben Thomas]

Hello everyone! 

I am currently an 18 year old college student majoring in finance. I am looking for as much beginner advice as I can get right now. After getting a decent job in finance field I plan on utilizing an FHA 203k loan to purchase a multifamily property (preferably a 3-4 plex) and live in one unit while renting out the other units. If I am correct you only have to live in the property for a year for the FHA loans and then I could go out and purchase another property using the same strategy. The income from the properties would initially be used a a supplement to my income but I would eventually like to have real estate become my primary source of income. A friend of the family owns a property management company in town and manages over 300 properties so I plan on asking him for advice in the near future. I would love to hear any advice from the Bigger Pockets community! Thank you!

[Patrick Liska]

 Ben, sounds like you have a good plan there, that is a good way to start your investing. Being a Finance Major i don't think this is news to you, but just make sure you do your math on the properties, include all expenses you may have to run the property. Include managing the property, whether you do it or you hire someone, this is a business and your time is money, just like anyone you would hire.