First time home buyer!

[Mike Chin]

Hello everyone ! I'm new to the world of real estate. I have a question. So my original plan was to buy a multi family.  But for the multi family in my area I wouldn't even break even I know cash-flow is hard to come by and I'm not in a hurry but would it be best to start with a single family home first then rent it out after my year in the home to maybe take equity out and try to find a three family or even four-plex . Like is now a good time to even be looking to buy? Seems very high in my  area. Any advice would be greatly appreciated. 

[Anthony Thompson]

@Mike Chin I agree with @Erickson Sainval - let the numbers answer you on whether now is the time to buy. It's better to not buy now, than buy something that won't cash flow. You can try to pursue off-market deals, such as by approaching sellers directly, but that's very hit-or-miss.

If you know you're only approved to a certain amount then that has to dictate where you look. Like @Ian Halter said, that might take you outside Providence to surrounding towns, which isn't the worst thing in the world as long as you're comfortable with the neighborhood in the end.