Dental Student wants to start real estate portfolio

[Michael LaRocca]

Hi All,

My name is Mike, I'm from New York i'm 22 years old and I'm attending Dental School in the fall. Before I venture off onto the next steo in my academic career I want to start my real estate investing career by purchasing a commercial or residential (maybe house hack close to school) and i was hoping some of you could offer some advice as to how/ where to get started. I have some money to put down for a down payment as well as a partner willing to split it with me. I was thinking of utilizing the FHA loans or the 203K loan if the property can use some work. Any advice would be appreciated.

Thanks Everyone!

[Michael LaRocca]

Thank you for getting back to me! I currently live in Smithtown on long Island but I actually just graduated from the University at Albany this past spring so I am very familiar with the capital region. As of now I am going to be attending school in a small suburb about 30 miles outside of Chicago called Downers Grove, IL. When starting out in my position do you think it would be better to start in a higher or lower income area? I am weary about the potential market crash ive been hearing people talk about and typically higher income areas are the first property values to fall. Is this an issue when using a house hacking model? 

Thank You

Michael LaRocca