Newbie just trying to get some insight.

[Dantuna Pernell]

Hi, I'm a new in the REI field. I have not bought my first home yet. It seems to be so overwhelming at this time. I overseas working at the moment and just learning and educating myself as much as I can with books and podcast and so forth. I'm interested in holding rental properties. My goal is one day to hold enough units that bring in enough cash I can leave my full time job and become 100% REI. So the question I have what would be my best course of action buying my first property. By the time I come home I shall have between 50-70k of capital to purchase my first property. So far the research in my area I have concluded that most properties seem to be very high. I live in Southern Maryland zip 20619. I haven't really found any great reads on how to find and pick out a great deal. So if you have any input it would help me go a long way. By the way I'm a vet and I also have the VA as well if that matter at all. Thanks again for reading my post.

[Ali Boone]

Hey Dantuna! Well, there are a lot of answers to your questions. $50-70k will be great capital to start with. One major trick is figuring out where you can buy that will actually cash flow. Southern Maryland probably isn't one of those areas. Philly can cash flow, Baltimore, some outskirt cities of the bigger Northeastern cities. Or there are cities farther away. 

A lot of it will depend on your goals (is cash flow important or not so much?) and what kind of properties you want, and if you are comfortable buying outside your area.

Happy to chat anytime if I can be of any help!