Financing for Newbie

[Kenneth Stump]

Hello everyone I am a newbie trying to get started. I have meet some very successful investors, some that have written books on how to invest in real estate both for flipping homes and cash flow. I have been told that you can get started with no credit and not use any of your own money or borrow from banks. 

My question is have any of you started out with no money, small down payments, low to no credit and still been successful at purchasing properties? 

[Paul Granneman]

It seems to me that the easiest way to get started is to find a 2-4 Unit MFH and live in one of the units. Get an FHA loan with as little as 3% down and make sure you can fill the vacancies with good tennants.