Looking to start in NOLA w/ MultiFamily-Move to market fr #2 prop

[Daniel Jodrey]

Hello!

I am starting out my Real Estate adventure and am in the beginning stages of my plans and building my business plan/model. I have a good idea of what I want to do and how I want to do it. I would like my first property to be a Multi Family off a FHA, live in one side rent out other. Have the other side renter pay my Mortgage off, while I am paying very little for my down payment.

I have committed partner who is going to support me financially through the initial start up and throughout the business. This partner would most likely live in the Multi Family while I reach out to a different market and look for either another Multi Family or a Flip. I think ideally I would like to buy a flip for our second purchase and I personally will spend 6-8 months working on the property and getting it ready for sell.

I am interested in what other areas would be a good market to do this in. I am willing to move and dedicate my everything to it. Any advice/tips would be appreciated. I still have much to learn and will continue doing so through all the resources on BiggerPockets as well as books and podcasts I have obtained.

Looking forward to meeting and speaking with you all and starting my journey!

Daniel