Setting up and getting started

[Johann Martinez]

Hello BP! My name is Johann and I'm very excited to get into this. so a little info about me, I'm 19 and live in CA, I'm saving up money for my first property, which I expect to have around 30k by the end of the year which isn't a lot but it's what I've got going for me and I don't own a car. I'm building up my credit score which as of right now is 715 and work with my father in roofing. Including taxes and expenses, I take 25k home each year. I want to get started with multifamily and build up from there, but with my current situation, I doubt I'll be able to get approved for conventional loans for these properties which will force me to be more creative about the way I'm going to fund an investment. I'm reading, listening to podcasts, and browsing the forums, but I haven't gone to any meetups which I need to start. The main problem for me would be getting networked(financing, team) and trying to narrow down my focus and solidify a business plan, but I would like to get some pointers from you guys about what I should be thinking about and what I should be worried about, am I missing something or does it sound like I have the right idea? Thanks BP

[Johann Martinez]

Quote from @Heather D.:

My family and I just got started too and we just closed on our first duplex so, congrats on taking the leap. You should be able to qualify for an FHA loan and other types of first home buyers programs. Whether you buy off-market or MLS, working with an agent who is also an investor will help you get moving faster and provide you with contacts like loan officers/brokers, and private and hard money lenders. It sounds like you have some construction knowledge so the BRR method also may be a great option to look into. Best of luck to you!

Congrats on the closing Heather yea I will definitely look into BRRRR and see if can I get it rolling and will start looking for agents that have a investment portfolio aswell ty for the advice!