Am I Thinking Too Big?

[Evan Betzler]

Hey everyone,

I'm looking to purchase a 4 unit rental property in the greater Boston area at the end of 2019. I'm still in college, have a ton of student debt, don't have a steady job, and still have much to learn about RE investing (hence why I don't plan on buying until a few years).

I plan on living in the building and hiring some help with managing the property. I'm dedicated to learning and saving until I have at least $15,000 to go into the deal, but I still worry: Am I going to be in over my head? And will I be able to secure financing with a low down payment in spite of my student debt?

Thoughts?

[David Faulkner]

I don't think you are thinking too big ... the key in my opinion is to work backwards from your goal to break it into smaller actionable goals that lead you there, then make adjustments as you go. Breaking down the goal in this manner will give you smaller more manageable tasks to focus on and make the big goal more realistic and less intimidating. Then you start working hard to knock out those smaller steps and before you know it you'll be there where you want to be ...