Looking for advice on my investment plan

[Joel Winkelman]

Hello I am 21 years old and I have been researching and building my financial literacy for about a month and I am a finance major. I am currently building my funds while trying to learn as much as I can so I’m prepared when I start.

My plan is to start with a FHA loan on a multi family home. I will live in it while rehabbing one side while I have a tenant on the other side. Eventually switching sides so I can charge more rent and work on the other side.

Next I plan on purchasing another multi family home with a 203k or HUD loan. After rehabbing both houses I will refinance the homes.

After determining the new equity I have in my homes I would like to purchase more homes using home equity loans and eventually when I stop qualifying find equity partnerships. I would like to have anywhere from 25-50 units by the time I’m 50.

Any notes would be greatly appreciated! Does this seem feasible? Is there any other financing options that might be better? How much initial capital do I need to save up in the beginning?

Thank you very much for your time