All Forum Posts by: John Scully

Well put, I will definitely take that into consideration when deciding what type of property to invest in. Thank you very much!

I heard of a kid online who went straight to a 12-plex because all the others didn't cash flow enough in his area. Would you recommend going as big as possible, or to start with a 3-4 plex?

I work part time right now while in college so I guess an FHA is outside my financing availability. I don't have credit established either yet.

Hello! I'm a newbie 18 year old investor looking to learn from the best. I've started coming on here everyday to post forums and meet new people, so anyone who'd like to throw some knowledge down the ladder to the new guy would be greatly appreciated. I'm looking for information specifically on the path toward owning my first property (preferably a small multifamily). I am wondering if an FHA loan is more practical, or if another loan would be the best. I'm not sure if house-hacking would be better financially in the long run, or staying at home for free while letting a 3 or 4-plex bring in cash flow and gain equity.

Thanks!

-John

Thank you all for responding, I'm not sure how to tag people to reply, but I've read all of your messages and followed you all, and took everything you've said into my journey of wisdom. Thank you and I hope to talk to more of you!

Hello, I'm John Scully, and I have most recently got a knack to pursue multi-family (2-3) condominiums/houses. I'm 18 years old, and currently hold 10k in equity, spread throughout cash and stocks. I aspire to be financially free, and hope to do so through real-estate and running my summer & spring asphalt sealcoating service. Any advice on any front from anyone would be monumental for my journey, and I'd be very grateful. I hope to network with people who are where I want to be, and grow relationships with others.