Starting out with $40k cash, NO CREDIT, what's the best strategy?

[Jonathan C.]

Hi All,

Newbie finally getting ready to pull the trigger, I have 40k cash to start out with BUT NO CREDIT + no income, meaning unable to get any conventional/bank loan. Need advice on where/how to start my RE journey.  

*"Where" because I am ready to move to any market in the country that could make it work for me. Where I'm at now in Las Vegas & Southern Cali, 40k seems to be hard/impossible to do any deal in RE without getting any loan - something not possible at this moment. 

** Can get licensed as a RE Salesperson/Agent anytime - completed course & test, just not licensed with any brokerage yet, could easily get licensed in any state if moving out out NV or CA.

*** Handy and can DIY small flip projects, demo, flooring, kitchen/bath remodel, paint, walls, ceiling etc.

Hopefully can get some tips from all the experienced investors here. Any advice/comments welcomed :)