22 Year Old Looking to Take the Rich Dad Approach to Life

[Bill Goodland]

Hello,

As you can see by my subject title, I too like I'm sure many of you do are looking to build long term wealth for themselves and their families. I currently reside in Suffolk County Long Island, New York and have been learning as much about real estate(books, podcasts, forums etc.) as possible in my year off before I attend Physician Assistant school in Philadelphia. I am reaching out to the BP community for any advice or guidance from experienced investors on how to get my feet wet before diving into real estate in the coming years.

My thinking was to reach out to some wholesalers or flippers on long island to see if there is anything I can do to help their business such as driving for dollars, direct mail, or taking calls in return for them teaching me about the business before I head to Philly in 8/17. 

House hacking has intrigued me as well and I was wondering if anyone knows if I may be able to qualify for a 3.5% down owner occupied multifamily unit to get started in the Elkins Park or Jenkintown area while in grad school. If not, I would possibly be looking for guidance or partners to do my first deal as I have good credit, a good salary currently(although not once I'm a full time student), and some savings; although most likely not enough for a full 20-30% down payment on a multifamily on my own from a traditional lender.

I'm young and ambitious and know it won't be easy or handed to me, but any tips from you guys on how to set myself up for success for years to come would be greatly appreciated.