Conventional Loan 25% down or attempt to spread Funds Out
I'm new to REI. Many of the podcasts and much advice says to get started and not to sit on the sidelines forever. I've made contact with a loan officer. I have very good credit and could get together a down payment and closing costs to buy at least something in the 150k range (so maybe 35- 40k). My question is, being new, is this a good route to go? Would I be better trying to learn strategies to see if I can spread my 35-40k out to acquire multiple deals? If so, anyone have recommended strategies that would work for a newbie?
I want to get moving, but I do have some reservations. My concern is that if go conventional, and I don't buy a stellar deal on my first buy, I'll have sunk all my capital, and won't be in a position to refi for 1-2+ years.
Any input is appreciated.