Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

1
Posts
1
Votes
Jake Campoli
  • Cranberry Twp, PA
1
Votes |
1
Posts

Am I in a position to invest in multi family homes?

Jake Campoli
  • Cranberry Twp, PA
Posted
I was hoping to get some advice here from people who know more about real estate than myself. I want to get a multi family and start collecting money for rent but I'm not sure if I should do it now or wait. I'm 19 and make $350-450 a week right now working for a marketing agency. I'm due for a promotion in the next 6-8 months which will put me at $625-$730 a week, depending on how much I work. My credit is just below excellent and I have about $25k saved up. Right now I have next to no expenses. I don't need a car and I'm living with my parents. I travel a lot for work so even if I had my own place I would hardly be there, which is probably why my parents don't mind. When I'm traveling for work my company covers everything so no expenses there either. Right now I save 60% of my paychecks to go into an S and P 500 index fund, 20% to fund some side ecommerce businesses (using what I'm learning at work, not making any money yet), and 20% for the expenses I do have. I want to start building a real estate portfolio now of multi family homes if I'm in a position to do so, would love to hear some advice from the members here! There are some of duplexes around me for $40k-$50k that I have been looking at. Thanks in advance!

Loading replies...