I need help starting in real estate

[Penda Sarr]

I am a nurse by trade, but I have always wanted to invest in real estate, and make my living doing so. I need guidance and help on where to start, to get my first properties. I am ready to do all the work, and I want to start as soon as possible with my future investments.

Can anyone help, or guide me in the right direction please? My end goal is to have multiple rentals units and properties, and invest and resell as well. I am very passionate and motivated. I am good with numbers, and I think that I will very good in this business.  

[Drew Sygit]

@Penda Sarr

If I had to start all over again, I'd look to acquire a 2-4 unit property with an FHA low-down payment mortgage.

Getting it under market value would be a bonus.

So, would using an FHA 203k renovation loan, which would allow me to buy something unqualified for a standard mortgage, which would weed out a lot of competition and push the price lower.

Hopefully, I would increase the value of the property in 1-2 years and be able to refi out of the FHA mortgage. I'd also learn a lot about maintenance and managing tenants.

Then, with my hands-on experience, I could decide if I wanted to repeat the process or target 5+ units - which my experience would help with lenders.

Good luck with whatever you decide to do!