New and Need A Reality Check

[Chris Lopez]

Hi everyone, 

I've been spending about two weeks deep diving into investment property.  I've been told I can qualify and I can't by 10 different people.  Now, I understand that living in the property is different than just making it an investment property and how the loans are different and the % down changes with each and all that stuff.  Ultimately, the problem that I'm having is the down payment and being able to qualify for a decent loan to get a decent property.  What really gets me and draws my attention is the stories of people using seller financing to get a loan for an investment.  From what I've learned is they find someone to give them the money on a property that has potential for excellent growth.  My question is how do you find these people???  Investors make it seem so easy!

Currently, here is where I stand:  Credit Score of 770, 60K yearly before taxes, 25k student load (on hold), and no liabilities (except the girlfriend, lol).  

So realistically, what can I actually get?  I couldn't imagine someone giving me a million dollar loan for a property with no experience in real estate even if I had an amazing deal.  

Let the discussion begin!!!