Need Pro Advice on first Investment

[Kristin Rodriguez]

Hello BP fam! I have been studying real estate investing via Podcasts, books, mentorships, etc. for quite some time. I think I am beginning to get analysis paralysis! I will soon be in the position to make moves and need some advice from some Pro's! I am selling my primary residence and wish to use a portion of those proceeds to start my real estate investing journey. I have a good W-2 job making over 6 figures, my DTI is pretty low, my credit is decent. I will have about $20k-$30k in liquid. I wasn't sure if I should do a moderate flip first in a nearby City to get some additional capital. Then possibly house hack a fixer upper duplex with a FHA loan for a year and then scale form there. I don't wish to use all of my liquid cash. My ultimate long term goal is to own multiple multi-family units and eventually replace my W-2 income. What would you suggests my first should be? How quickly do you believe I can scale with minimum leverage? Thank you