Hello, I am Emilio from San Antonio, TX

[Emilio Vernaza]

Hello everyone,

I signed up for learning about real estate investing, and how I can buy my first multifamily apartment that cash flows. I am Trinity University sophomore.

[Seth Teel]

Welcome @Emilio Vernaza. I bought my first duplex when I was a Sophomore in college. I convinced my dad it was cheaper than him paying for me to live in the dorms. I got him to co-sign on the loan and match my down payment. Bought on FHA at 7.5%. I leased out one side and had roommates on my side. I was cash-flowing $600+ per month. After a few years, showing rental income and a full-time job, I was able to buy another duplex on FHA loan, move in there and repeat the same model. At one point I had 3 duplexes, all cash-flowing and my annual salary was only about $45K. That was in St. Louis, price-points are very similar here in SA and interest rates have dropped significantly. Good luck in the endeavor.