Newbies First Deal

[Shaun Dockery]

I have found what would be my first deal. It's a single family house with an after rehab value of approximately 55k, it's listed for 15k and I think I can get it for 9-10k. It needs about 20k put into it and I would like to hold onto it and rent it out. My question would be, how do I go about financing this kind of deal? I'm a newbie so any advice would be awesome. Also the rent for this 2 bed 1 bath house is going for 650 a month. This is in the Metro East are of St Louis as well.