use what you already have to make money

[Daniel R.]

about a year and half ago real estate investing was not even on my radar. my pastor/mentor had convinced me to get out of the high rent district and cram into a small 3 bedroom house with 2 other friends- which allowed me to save up money ($800 a month to $250!!). with the savings he advised i pay off all debt (about $6,000)- which i did in less than 6 months. Finally, he advised i buy a house by taking advantage of 2 separate government programs (i was making less than $35,000 at the time which to the Fed made me poor). i closed on a 4 bedroom 2.5 bath pad Dec 2009. i currently make over $1,100 a month renting my spare bedrooms out to peers. i am single so i can do this but my point is use what you already have to make money or surround yourself with good people who will help you make good decisions.
yes i would like to have the cash to buy my first investment property. yes i would like to have the drive/time to go out and make great deals without tons of cash. however i am using what i do have to the max.