Brand new to the BP group.

[Parker Judd]

22 years old and ready to learn more about investing. I am super interested in multi-family homes/units & commercial. I own a painting company here in Albany, OR (PJs Precision Painting LLC) and have been steady flowing since i started up. I am now looking to invest my money back into real estate and know i have much to learn, don't hesitate to reach out and strike a conversation i love to learn!🤙🏻

[Raphael Collazo]

Hey @Parker Judd

Welcome to the BP community! I second everything that has already been said thus far, especially the advice about surrounding yourself with other investors in your community. REIA is a great organization where investors come together to learn and network with each other. If your area's REIA is anything like ours, there are a ton of heavy-hitters who attend (both residential and commercial investors). They have a wealth of knowledge they're often eager to share with younger investors; especially if they're serious about taking action. Along with that, one of the best ways to start investing in multi-family properties is through a technique called "house-hacking". It's talked about at length in many of the podcast episodes but essentially you purchase a small multifamily property (2-4 units), live in one of the units and rent out the others. The benefits of this method are that you significantly subsidize your living expenses, you're able to qualify for owner-occupied financing (i.e. 3.5% down (FHA) or 5% down conventional), and you gain experience being a landlord for the first time. I purchased a 4-plex in Louisville which I've been house hacking since March. If you have any questions about the process, don't hesitate to reach out.

P.S. 

To learn how to evaluate potential deals, I highly recommend you read "The book on rental property investing" by Brandon Turner. He lays the exact formulas you need to follow in order to determine if an opportunity is a good deal or not. Along with that, I HIGHLY recommend you read "Set for Life" by Scott Trench. It's easily one of my favorite personal finance books and it's extremely applicable to someone just starting out in their career (i.e. 18-25 years of age). Hope this helps.

All the best,