Low income, not much saved.

[Virgilio Garcia]

Hey BP. i was very excited to get a pre-approval letter so i could know my ball park figure so i could begin to find deals and analyze them, and it appears that my income is too low and i do not have "too much" saved up, (currently about 7k). 

i work full time and receive an annual salary and credit score is 750+

I am currently saving up and networking with other rei's so i could partner up for a flip and grow my capital. I ultimately will purchase a 2,3 or preferably a 4 unit property that will cash flow and pay off the loan, while building equity, then refinance to purchase smaller single family home's to create a portfolio of positive cash flow investments and give me the option and freedom of "Having" to work for a paycheck.

I know my situation is not the best, but it is not the worst. and in some other markets, the dollar goes a longer way, but i want to stay local for now. 

We all know that NYC is a tough market but i am not letting that get in my way. I am not writing this in pity or saying i am giving up, i am not ever giving up. I am writing this to set my self accountable. I have set my mind on it and wake up everyday thinking how i can creatively come up with more capital to see my goals come to reality. 

I am still going to learn, i am still going to analyze deals, i am still going to network, i am still going to be a real estate investor no matter what or how "they" see my income or saved up capital.

Just wanted to get some ideas or comments out there from the pro's on BP of what i could be doing. All replies and ideas are welcome. I enjoy starting off stories, success or hardship stories or words on encouragement. 

I understand its all part of the business and i am ready for it. 

I hope this post does not hinder my appearance on BP but i am here to ROCK, and believe in integrity and transparency. 

Thank you BP. see you around.