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Updated over 3 years ago,
Advice on purchasing a multifamily at 18?
I am a first year student at Binghamton researching a foray into real estate. My interesting is making money through real estate in order to save up and create more capital for investment and to eventually transform this profit into passive income through property managers. The University itself is large with countless students interested in affordable, off campus housing with a reasonable landlord, and I believe I can provide that. I have a few questions regarding how much cash flow would be generated by a property such as a tri or fourplex, and the requirements for investment property and FHA loans. I am also looking for general advice those with experience may be able to provide. Thank you in advance!