jeffnicolas asked:


I am 21 years of age, no kids, in a relationship, a college student studying business administration and i stay with my parents. I have a job that pays just about $1440 a month. My crdit is ok but i’m working on getting perfect. I’ve been studying real estate for about a year now i’m trying to network to get some advice from real people not books. I have about $50,000 dollars saved I know for sure that i want to hold real estate under a LLC. But i don’t know where to start. In a month or so i’ll be attending seminars on real estate and i even plan to enroll to a real estate class at the local community college. This is what i was thinking about doing:
1. Buy a multi-family property under my name not my LLC. Probaly a 2-4 unit property.
2. I would live in one unit and rent the remianding units to tenants.
After 2 years of paying the mortgage, i would use the equity, if any equity to purcahase an investment property under my llc. Probaly another multi-unit. And that would be the star