Newbie investor with 40k seed money

[Richard Young]

Been saving up for awhile to get started investing. Wondering if anybody had any advice on best type of investing for a newbie to get his feet wet?

[Michael Wallimann]

@Richard Young I really believe that "house hacking" is such a great way for a new investor to get started. Get yourself an FHA loan for 3.5% and buy a small (2-4 unit) multi family property. Live in one unit and rent the others out. Get paid to live for free as your tenants pay down your mortgage. If your market in Idaho has a lower price point you may even have enough cash left over to buy a single family house once you close on the multi family. Like @Stephen Akindona said...buy as many doors as you can right out the gate. I think this could be a good strategy to get you rollin!