Good Credit, Stable income, and limited cash!

[Ryan Dossey]

Hello guys. I plan on being not only a regular but also an active member. The more I learn the more I can contribute right?

So my situation I have done Sales since I was 17 working full time. I have decent credit 720+ my debt to income is great. I have no credit card debt, no car loans, no student loans, and everything I own is free and clear.

Being a newlywed I have very limited funds to come up with a down payment on an investment loan. I have considered trying to find a 1-4 unit property and going the FHA route however I have a lease at my current apartment complex till October. I have 2 motorcycles I'm attempting to sell to free up capital but we'll see how that goes.

A friend of mine has done real estate investment for several years and has been giving me all kinds of pointers. He uses bandit signs to try and find whole sale deals, rentals, ect.

As a first property is it in my best interest to try and track down a subject to, or owner financed type of a property?

The problem with alot of those potential sales is the area they are in. I'm aware that looking to spend a lower sum is going to result in riskier locations, lower rents, but possibly more ROI.