Coborrowing or flying solo?

[Michael Russell]

Hello all,

I am 22, and I am just starting out the in the real estate investing game. My goal is to buy multi-family homes and rent them out. Because of the area I am in and the income I am making, all multifamily home are too expensive for me to get the necessary loan for. I just got qualified for 250k, but the majority of duplexes in my area run for 315k-400k. If I co-borrowed with a family member I know I could get the necessary loan amount. Is that a good idea? Or do you think I should start off solo, buy a condo or an apartment, and rent it out?