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Updated 12 months ago on . Most recent reply

Young investor seeking the wisdom of others
Hello everyone, my name is Cody. I'm a 20 year old kid looking to get into multifamily. I'm hoping to be able to buy a piece of real estate with a minimum of 8 units by the end of the year. I have a job for working for Google Fiber and am currently saving as much as I can so I will at least be able to cover any vacancies and some of the renovations. My plan was to acquire a property through owner financing, and find someone whose goals align with what I'm trying to accomplish and have them cover the down payment. I don't want this to be the Cody show I want to be able to bring in partners and help them achieve their financial goals as well.
I would love any thoughts/advice/criticism. I'm open to anything you guys might throw at me. I'm eager to learn.
Thank yall so much!!
Most Popular Reply

Unit count is usually an ego driven measure many investors fall into. Buy what makes the most sense in terms of risk reward whether it be an 8-unit, SFH or something in between