Multi-family Networking Inquiry

[Alec McCaa]

Howdy! My name is  Alec and I'm aspiring to buy and rent out my first house in 2025. I have no debt, a good stable job making about $60k+ gross, and $20k saved up with about $10k in my 401k that I'm thinking about using some if not all of it towards the closing costs of the home I want to buy. I'm looking to connect and meet new people that could share their own investing experiences with me! Ideally, I would love to buy a multi-family property and rent it out, I would consider house hacking but I mainly want to my first property to be one that I can improve on and have it generate income for me. I would love to know what you guys would do in order to get this process started if you we're in my shoes.

Thanks in advance! 

[Michael Diossa]

Your first Multi with those savings and income are going to be a learning experience  (In a good way) However do not go in with a massive cashflow expectation.

Some Realtors/Sellers might sell you on unrealistic potential high rents and will be adjusted to the selling price....so do your own research.

Are you planning on living there as well?

With the right maintenance and upgrades you could sell it for a decent profit after.