Which route would you take?

[Johanna A.]

Hello My name is Johanna and I would really appreciate some ideas on which way me and my husband can start building our portfolio.

We are both in our mid 30s, live in Coram, NY which is where we purchased my Primary Home in 6/2015.

We purchased our home at 305,000 and is currently probably easily appraised at 350-365k

The FHA mortgage for our primary is 2774 which taxes, ins, and PMI ($185), 4% fixed rate

I am refinancing this month to get PMI off via a conventional loan.

I am half way through Real Estate Classes to on my way to getting my License as a Real Estate Agent.

This is my current financial picture of me and my husband:

We currently have approximately $60k cash available to me at the time of any closing.

I can have $130000k saved by June if I include the 60k mentioned above.

I spent the first part of the year paying off all my credit card debt including 0 interest cards.

We have Good Credit Scores.We now have $0 credit card debt, work fulltime and we currently generate approx.

Total Gross Income for Household: Monthly $19,000 or an annual income of $228,000 gross.

We don’t have anything else as debt.

My mother’s house appraised at 930,000 and she has $479000 in Mortgage debt=(451000 Equity?)

My mother supports me 100% with this new business endeavor and can get a HELOC line of credit or loan to help me start my real estate investment business (100-150K)

I would like to get into a multifamily but I am not sure where to start.I would like to close on my first investment before the end of 2017 as a personal goal to start portfolio.

I am interested in Buying to hold and rent property.First I thought of starting small with a SFH but as I read more and more I am attracted to a multifamily but not sure where.

I grew up in Woodside, Queens and know that area well.

My mother owns a multifamily in Woodside and has a list of tenants asking for more rentals but she has no rentals, great tenants she knows.

I have included as much details for some ideas.  Which route would you take?