New, Eager, and Excited

[Troy Eschweiler]

Hello, my name is Troy and I am 22 years old.  I have been very interested in real estate for a while now and am constantly doing research and browsing the local market.  I am currently renting and don't have too much extra money saved at the moment but I was wondering if anyone had any suggestions as to how I should get started?  I am interested in both renting out investment properties and fixing/flipping.  I feel as though my best (and probably easiest) option would to be buy a new home, live there for a year while I work on the place a bit, and then try to sell from there.  What do you think?

[Account Closed]

@Troy Eschweiler you're already on the right path with joining BiggerPockets. A lot of great information here so be sure to check things out.

When I first got started 12 years ago I bought an owner occupied property, lived in it for the year I was required to as part of my loan commitment, and then moved to another house while turning the prior one into a rental. I was fairly nomadic for awhile :)  The only thing I wish I would have done differently then was actually buy a duplex or 4 plex as an owner occupant and lived there. You can usually get owner occupant financing for up to a 4 plex. I didn't know it at the time. 

I think your idea of buying and living in a place for awhile and then turning into a rental is a good one. Be sure you understand your owner occupant agreement based upon your loan documents. 

I would start with checking at the bank I do business with and go from there.

Good luck!