New Investor, where to begin?

[Summer Pepitone]

Hello everyone, I have 12k available for investment purposes and am interested in getting into real estate. I recently finished the book Rich Dad Poor Dad and became inspired. I have been listening to audiobooks on beginner real estate and am looking for some real life advice. From your experience what is the best way to start via real estate investing? Should I buy a home under a FHA, live there, and charge my roommate for rent for two years, then move out and rent the home out to a family or should I take a different approach?

[Jesse Greaves]

@Summer Pepitone

Look to a 203k loan, on a multi unit re-hab. You'll need only 3% down, and if the renovation completes before the close out inspections, you will recoup your down payment in rent without payments. (203k allows you to finance the first six months of payments). 12k and you're off to the races!