Young & new to real estate. Little money in expensive market

[Jackson Kellogg]

I’m very new to bigger pocket this is my first time posting. I recently discovered bigger pockets and t completely changed my mindset and perspective. It really opened my eyes. I cant stop liatw ig to podcasts ane i jist finished reading Set For Life by Scott Trench. I’m 23 from just north of Boston, Ma. I’m really looking to get into real estate and learn as much as I can. The market in my area is very very expensive right now. I’m currently saving my money and get an fha loan when the time is right. I’m curious to whether I should wait until the market prices go down a little or just jump into it. I worked as a plumber for 3 years and am now a union carpenter In Boston. I have a lot of connections in the trades and knowledge/experience that could save me a lot of money and maximize returns. I’m working my way up to save $25,000 to begin investing. Any tips or advice?

[DJ Richmond]

@Jackson Kellogg welcome to real estate investing! Buying a multi family to owner occupy is one of the best ways to get into the game! I did the same thing with FHA loan and put 3.5% down with a 203k loan. You’ll have the benefits of living subsidized while also building equity and learning a lot along the way. Having the skill set that you do in the trades gives you a huge advantage. One of the bigger challenges people face (myself included) is finding competent contractors to trust with projects. Best of luck on your savings goal and getting started with your first purchase. Don’t be afraid to ask any questions on here as you’ll find some very helpful info and great resources.