22 and almost ready to buy

[Nathaniel McKimson]

Hello all! My name is Nathaniel Mckimson and I’ve been listening, reading and watching everything that I can get my hands on about Realestate for almost a year! I’m looking to do a house hack in the fall and getting my feet wet in this business. Quick question I’m already leaning one way, but I would love to hear what other members might think about my situation I have a summer job that pays very well which will leave me with a lump sum of cash around 30k. My plan is to use most of this cash for down payment for a multi family building, But I also have student loans that are sitting at 20k and will be at 24k by the end of this fall. What do you all think spend the cash on a building or pay my only debt off first? Thank you for any response in advance.

[Mike Taravella]

Hello Nathaniel McKimson

Congrats on being proactive so early in your RE career!

I would partner with a seasoned real estate investor. You could analyze deals, market deals, show homes for now. The learning will be priceless and you will be better prepared for your first deal solo. Plus it mitigates the risk of only you having the financial burden of financing by yourself and develop relationships

Let me know if you have any questions.