Newbie Alert* - First Property Advice

[Craig Applegate]

BP Nation, I wanted to come out of the shadows and post something.  I wanted to ask some advice from people who've walked the walk.  

I live in Indy, work as a outside sales rep, working to get my Agent license. My plan is to transition to be an agent, but I have about $150k I'd like to Invest in my first property. I really want to make my first property a multi family. Good idea or should I start with a SFH?

Any feedback is well received, I met with an investor for lunch yesterday who bummed me out.  He had made a series of mistakes and was in pretty big financial trouble due to his compounding mistakes.  Trying to balance avoiding mistakes and being courageous!

Craig

[Ozzy Sirimsi]

Multi Family all the way.

If you want to cash flow, use quarter of what you have, get a multi family in a good area, pretty soon you will be looking for a second one.

Just buy in a good location, you have enough cash.