New Member from Nebraska - Advice Welcomed!

[Anthony Cliffords]

Hello!

I am just starting out in REI and would like to start making moves to purchase a property. I have been reading different real estate books and blogs for about six months now, but figured getting involved in the Bigger Pockets forums would be a good way to speed up the process.

I recently graduated from college and am substitute teaching.  Generating monthly cash flow is something I am striving for in the near future, but I'm having a hard time finding a way to get started, as I don't have much cash at the moment.  I am interested in wholesaling, flipping, and buying-and-holding single family houses at this time, but other suggestions are appreciated! 

If anybody has any suggestions on how to get started in my current situation and start generating some extra monthly income, I would definitely appreciate it.

Thank you,

Tony

[Cody Brinkman]

Welcome to the community! I've read lots of books and I can say that this website and all the information that is offered here pretty much makes them all obsolete. A great low money down way to get your feet wet would be to use a 3.5 percent down FHA loan to acquire a small Multi-Family property (up to 4 units last I checked). The kicker being that you have to live in the property for 1 year. Great way to learn the ins and outs of Landlording. Baptism by fire so to speak.

Good Luck!