Looking where to start, need advise

[Kole Kingslien]

Hello there, 

I am writing this post in search of some advise to help get me started in real estate investing. A little about myself and situation. 

I am 22, and my wife is 20 years old, we have about $20,000 saved up, and would like to start investing in real estate, to build wealth for us  now, and for our future. I have been doing a lot of reading and researching (on biggerpockets and else wear), but feel stuck/nervous about getting into my first investment. Due to our limited funds, we want to figure out how to get a great deal, with as little of our cash in the game as possible, to allow a "safety net" of sorts. I work in Madison WI, we are hoping to find something in/around that market, I don't know if it's just me, but I feel like I can't find very good deals. Our goal is to obviously have good positive cash flow, to re-invest in more property. Any advice would me much appreciated. 

Thanks,

Kole

[Allan Rosso]

@Kole Kingslien, if you're willing to live in your first investment property, I believe that looking into using an FHA loan to purchase a plex (duplex, triplex, or fourplex) might be a good way to start. FHA loans will require a low down payment, and you'd be living in one unit while the rest of the unit(s) pay your mortgage. Thus, you'd be conserving most of your capital, as well as essentially be living for free.