Getting Started - First Deal

[Hyatt Simons]

I grew up during the real estate bubble and saw my parents go from one house to the next capitalizing on the equity every 2-3 years to build wealth. In that time my parents also purchased rental property and property to flip and did that successfully. However, family issues have left me without those resources for advice in my own ventures, so I am turning to this forum for advice. Looks like a great place to be.

I am currently pre-qualed for $200k for a duplex or $160k for a SFR as a first time homebuyer. I am considering duplexes for the rental income and SFRs for rental income but also for potential equity. I am not sure at this point which path is or will prove more lucrative for me - eventual passive income or capital gains.

I know my local real estate market pretty well. I am also currently studying for me RE brokers license but working with an agent for this first home.

Any tips, tricks, thoughts, or advice for a newbie? Im very curious how you got your start. I am 22 and would like to make a career out of real estate ideally. My fall-back career is accounting but my heart is in real estate. Unfortunately, its not a field you can just study for and be good at.

Thanks everyone and anyone for responses!

-Hyatt