Complete newbie to real estate

[Diandra Duncan]

Hi. I’ve been interested in real estate investment for quite some time now but haven’t made any real steps to getting started until now. I’ve read a couple blogs, books, and listened to tons of podcasts but still have some trouble grasping a lot of of the concepts but I’m a very practical learner and hands on experiences work better for me. However, that interferes with my ability to ask the right questions. Background, I started my career in healthcare almost 3 years ago and don’t plan on being in real estate full time. But I’ve been able to save up a little over 100k, 700+ credit and currently rent with my brother. But my plan is to first own a two family in queens, ny, house hack with my mom and eventually have multi unit properties in Texas, Florida, and Jersey. People keep telling me I’m not ready, or that I shouldn’t go for it because I don’t know what I want. The thing is I know what I want, I just don’t know how to get there. I know that NY is a very sharky market and don’t plan to own more than one property there but I figured I’d start there since an fha on a 7-800k home makes more sense than an fha anywhere else. Does anyone have any advice for me as a newbie? Does my plan sound plausible? Any recommendations on where I can start? Should I use conventional or fha? Any advice would be great!