21 fresh out of college and have 25k to invest

[Hayden Gamarra]

Hi all,

I just recently graduated from The Citadel, The Military College of South Carolina with a degree in Biology and moved to NW Georgia for a career in orthopedic device sales and am now interested in getting into real estate to begin collecting more cash flow. I have 25K to invest and absolutely no experience with real estate investing or any investing for that matter. I have done a little research and think that getting into a multi family property would probably be the best niche to get into right off the bat. 

If you have any advice on how I should approach my first investment I would greatly appreciate it. Thank you for your time and help, I greatly appreciate it. 

Respectfully,

Hayden 

[Bryan C.]

I think you are on the right track with starting with Multi-Families....

I suggest doing "house hacking"...you buy a duplex, triplex or 4plex with FHA loan, live in 1 unit and rent the others out. This will give you great experience as a landlord, managing your properties and could save you money being located there. After 1+ yrs move out. Once you move out you can repeat but would need to refinance the FHA mortgage to a conventional (this will allow you to use the FHA again and repeat the process by buying another multifamily and house hacking).

If not interested in "house hacking" then look for a multifamily and use your $$$ as down payment.  $25k may/may not be enough for 20% down & the need for a little money on the side for emergencies, vacancies, repairs etc.