Starting my investment portfolio w/ no money in the Quad Cities

[Alex Bock]

Hello BP Community!

I'm writing today to get some advice on how to start my portfolio with no money down. I live in the Quad Cities (Iowa side). I will be closing on my first real estate purchase in about a week. I plan to live in this single family home for the time being. I got a great deal on a great property, and expect to make a lot of money in the future with it. This is my first and only mortgage, I barely have any debt, and a pretty good credit score. I know Fannie Mae/ Freddie Mac will issue up to 4 loans at a time for newbies, but with no money down they are virtually impossible to get a hold of for investors. I'm not totally opposed to a hard money loan, but I would definitely like to start with something that's lower risk and less expensive if possible. Ideally, my first investment property will be a larger single family home within vicinity of one of the Colleges, Hospitals, Downtown areas, etc. Any and all input is greatly appreciated!