New investor in Baltimore, MD

[Ryan Cu]

Hi everyone,

I’m pretty new to investing in real estate and it’s great to find this resource here at Biggerpockets. I wanted to ask around for some advice on purchasing my first property. I have about $500K that I have saved up and put away over the years for investment purposes and I would like to finally use it on my first property investment(s). I’m currently a grad student and will be for at least 2-3 more years, so I have no source of income that I can use to get a mortgage loan. My goal is to get financial freedom through real estate investments so that I can become a full-time artist after graduating and not have to worry about paying the bills. I’m not quite sure what the best strategy is in my circumstance because I don’t anticipate that I’ll be able to take out loans since I’m a student. Many people seem to suggest a multi-family home or smaller apartment complex as a good rental investment for the $500k, or perhaps purchasing some fixer-upper condos. I’m pretty open to options though and would be willing to learn how to flip houses, manage properties, etc…whatever strategy is needed to grow this $500k as fast as possible without the use of loans. Does anyone have any suggestions or advice? Thanks!