Want to buy my first property advice

[Joshua Samuel]

hey guys! I am 22 years old and have been working for about a year now and I been very interested in real estate for a few months now and want to start investing my buying my new property. I am currently saving up money while trying to gain knowledge about the market. If anyone can offer any advice that would be great. 

thanks

[Paul Hitchings]

Step 1, Pay down all of your debt excluding any student loans and trim your monthly finances as much as possible. 

Step 2, Save up 10K. 

Step 3, Get pre-approved for a loan of $150K - $200K

Step 4, Buy a duplex with a FHA loan

Step 5, Rent the other unit

Step 6, Fix your unit

Step 7, Put other tenant in your unit (for higher rent)

Step 8, Fix the second unit and live there a year. 

Step 9, Refinance after 1-2 years

Step 10, Rinse and Repeat