Best type of Investment for a starter?

[Ata Ziv]

Hello, I am a complete beginner in the Real Estate industry. I have been studying RE really well over the past year. I am 17 years old now and by the time I am 18 early 19 wanna own a investment property. I am just really curious what others or how others would approach to starting a investment portfolio? For example Multi family (4-plex,etc), BRRRR strategy, Single family's. Which investment should I really begin with.

Yes, it can possibly vary with the financial situation. After I graduate and get accepted to university,(UofA or UofC) I wanna apply and wanna work at a local bank. Get work portfolio, build credit etc. Maybe in my early 19s I wanna make my first purchase that can cash flow. If my approval is not enough I wanna Partner and co sign with close by person.

Thank you for listening to my plan. If anybody has great information on what investment I should go with. I would love to hear it thank you so much!

[Nathan Gesner]

Originally posted by @Ata Ziv:

@Nathan G.

Thank you! I appreciate the advice and recommendation on which to go with. I will be living with parents so I won't really house hack is my best investment still a 4 plex if I don't house hack? And eventually grow to even bigger amounts of units?

Thank you Nathan!

You can qualify for an FHA loan with just 3-5% down, but it requires you to occupy the property as the owner. If you don't occupy the property then you'll lose the opportunity to finance with such a small downpayment.