I'm on the hunt to build a stable of 22 decently cash flowing houses and attain financial freedom.Open to your thoughts!

wow I'm 19 yrs old too and was also looking to try my hand at multifamilys I thought like getting a fourplex would be good but these are hard to ind in my area a duplex or TRU is a great idea because of the potential for multiplied cashflow also hopefully you'll attain appreciation my goal was to acquire these build up equity and appreciation and sale and avoid taxes by doing a 1031 exchange and use profits as down payment on an apartment building  but def I think you should start with multi .

Is that the cap rate for properties in that area, or is that a cap rate that you want to attain?

I've checked some of the properties on the Bronx, Queens, and Brooklyn county courts and they seem to be much more reasonably attainable than those listed on the MLS.As for procedure, I know that I need to do my due diligence.

Usually CDFI and small community banks provide more attainable loans for home purchases in the local neighborhoods. 3.

It seems that although there are stipulations here and there, isn't attaining a license in RE saying to the world that you are committed to your career?

The formula:ARV - rehab costs X 65-70%= purchase price is hard to attain in the current market.

I can only hope to attain that blissful retired state someday, sipping my coffee, helping RE newbies find their way :) Looking forward to reading your other posts.

You can make a legit plan and find out if your goals are attainable by answering those questions, in detail.

(Specific, Measurable, Attainable, Realistic, Time-bound)Having SMART goals will give you a roadmap to where you want to be, provide instant feedback on progress, and allow you to measure and project your future to design the lifestyle of your choice.