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Updated 10 months ago on . Most recent reply
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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
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- Investor
- Miami, FL
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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