Beginner Investor Assistance

[Jessica Jackson]

Greetings All!

I’m very interested in real estate investment and property management. I recently started a business and although cash Is flowing in, I’ve yet to add myself into payroll. Will this pose an issue, as I am interested in leveraging money from the bank to purchase my first house/building? I don’t have much money saved, so going in with 20k down isn’t currently feasible but I want to start ASAP. Maybe, I’ll have to live in the property for the first couple of years or so, or rent to family... I have to brush up on real estate laws... I know, but I was hoping that one or many of your experienced, bright-minded individuals could shed some light. 

I’m willing to buy foreclosures, fixer uppers, new construction, etc. My ultimate goal is to start a property mgmt company, managing props of my own and others. Please assist!

Thank you!!