New member from CT, need advice taking the leap into investing

[Andrew P.]

Hello all,

I have been lurking on the Bigger Pockets website/forums for a long time now. Just trying to learn and understand the multi family game some more. I am about to dive in within the next year or two and I need some serious advice. Sorry in advance if this is in the wrong section.

Just for a little background. I am 24 years old, I work a sales job for a manufacturing company. Salary, benefits, bonus..etc. I have 28k in student loans left and excellent credit. No auto loan and no credit card. My plan is to kill my loans off this year. Still living at home with the parents, even though I dont want to, its the right move for myself IMO.

After realising I would like to make some more money, better my life, and live more comfortably in a very uncomfortable state, I am looking at multi-family properties. I do not plan on living in the multi-family property. Looking at properties less than 250k.

Now here are my question(s). All I would like is some guidance and suggestions.

If I invest in a multi-family property, (which I wouldn't have too much for money down), how much would that affect me buying my own house in the near future?

Even if I have excellent credit, and a 10% cap rate?

It would be bought under an LLC I am creating.

Would I be better off looking for my own house before the multi family?

Thank you for your time reading this, any advice will help.