Looking to get started in about 12 - 18 months.

[Raymond Guillotte]

Hey all. This is my first post on BiggerPockets and I look forward to interacting with everyone! I am two years out of college and it is clear to me that there has got to be a better way to financial freedom then my current situation, hence why I am here, and looking to make my first investment property purchase within the next two years.

A little background on myself:

BA in Accounting but looking to make a transition to finance (sitting for CFA I in Dec.)

Working full time in Boston, MA and have a weekend job, making about 55k total (hoping to land a new job soon that will up my annual income).

Paying about 1500/mo. in student loans (I know this is crazy but I've never missed a payment and I plan on refinancing by the end of this year, just looking to build my credit a little more before I refi.)

Paying around 600 in rent every month.

No car at the moment because i can use public transportation at the moment.

Credit score currently hovering around 700 looking to get it closer to 750 by the time I buy a multifamily.

I live pretty frugally at the moment, and can even make some more cuts to save even more every month. I should have about 10-15k saved by the time I want to make a home purchase.

I am looking to invest in MA specifically the South Coast (not southshore) area as this is a lot cheaper.

Really looking for any advice that anyone has: does my current plan sound feasible, things I should know/look out for? Any thoughts or advice would be greatly appreciated. Thank you guys in advance!

[Marcus Lawson]

I feel your pain with the student loans too man. However, I suggest refinancing them sooner. Interest rates are going up, including those for student loan refi. 

Plus you must figure out time lost. If you let 100K loan cook at 8% instead of going down to lets say 4%. That's already 4K given up which means your interest rate must be "that much" better to make up for it. And with rates going up of difference of rates in credit score of 700 vs low to mid 700s might not be that much.