Property manager/ real estate agent. 1st time buyer

[Brian Barcelona]

So check it out guys. 

IK

I'm 23 yo and I've been saving and saving and working/working to try and save enough to qualify for an FHA in order to purchase a home.

I make 45k annually and I have around 20k saved u. I recently paid off 60% of my car (I didn't want to pay off the whole thing because I felt it would harm my credit.) leaving me with a principal amount of around 4k. Thats my only debt.

My credit is about 600, So i beat the 580 minimum. Should I wait until its higher before applying for a loan to get better interest or should I take the money I have now and start considering purchasing? I know that I will never have the 'Perfect' opportunity; so i'm not sure if its time to buy. As much research as I've been doing im beginning to feel I have paralysis by analysis. 

[John Warren]

@Brian Barcelona if I were you I would start purchasing solid 2-4 unit properties that cash flow right now. Your credit will sky rocket once you start paying a mortgage anyways. You should seek out a local real estate agent who knows investment properties, and start looking at everything you can in your target areas. Find the areas that are nice, safe areas, but aren't the most expensive. Those will probably be the areas where you get the best returns.