Getting Started with little savings

[Natalie Olivo]

Hello BP folks!

I'm very new to the community.

I joined Bigger Pockets not too long ago and am trying to get into buy and hold. I like the idea of reliable monthly cash flow. My starting goal is to have a steady cash flow of a couple thousand in around two years.

I have about $8,000 in savings, some credit card/student loan debt that should all be paid off by next year. I make a decent salary doing work in technology sector, but my instinct tells me that I should pay off my debt before owning my first investment property. I've never owned a home but have taken a few real estate courses in the past.

I've just begun looking for deals and properties in the jersey area (I live in NY). My question is has any one had any success with turn key (tenant included) properties? I'm thinking turnkey is a good low risk way to start out, since they are likely already managed and proven as rentable spaces. I'm open to any advice you can give me!

Great to be here! Thanks!