Starting out with $15,000

[Ronald Snee]

This question has probably been beaten to death with a stick to an extent, but I am going to ask it anyway.   You are a brand new investor and you have 15,000 dollars to play around with.   God strikes you with a lightning bolt that Grant's you the ability to have all the knowledge you have about real estate now.  What are the steps you take to become a successful real estate investor.   Thanks alot.  

[Tamara Deering]

Research the heck out of the market and don't overpay because you are so anxious to get a property.  Conversely, don't over analyze and be afraid to act.  However, all that being said, if I had $15,000 to invest I would purchase a live in flip because as an owner occupant I can pay more than my competition for an ugly house.  If I already owned a home I would either keep it as a rental or sell it.