20 Something year old looking for advice

[Ty Hill]

Hello everyone,

My name is Tyler Hill, but everyone calls me Ty. I'm 24, from Mililani, HI and I'm looking to get an early jump on diversifying my investment portfolio. After reading David Greene's "BRRRR" I'm eager to throw my hat in the journey.

I am looking to use my VA benefit and I'm torn between purchasing a town home or a Multi-family unit.

Please send help!

[Jody Sperling]

If you can buy a multifamily and occupy part of the property while renting the rest, that tends to be the fastest way to scale real estate because tenants pay most or all of your cost of living.

Time and again, I hear stories of people who got started with "house hacking" and never looked back. Combine this strategy with buying a property that needs rehabbing and the money you could get out at refinance could also fund your next project.

I'd be more hesitant on Town Homes because they sell as individual units, but still share a wall with a neighbor, which to my way of seeing things, limits your tenant pool somewhat.

Best of luck whatever you choose!