can you go from renting to real estate investing with 35k?

[Dean Belcher]

I have never owned a home and imminently want to get into real estate investing/flipping/renting. 

Background: I am newly 24, my wife and i make roughly 35k a year jointly, but in the next year with already confirmed jobs from our new degrees we will be around 75-140k jointly (if we both work full time or she works full time and i focus full time on real estate) . We will be moving to the NW, Oregon/Washington area. 

I can comfortably make a down payment right now of 35k with options of a VA loan.

With some history in carpentry i imagine to buy an ugly and cheap duplex/Triplex/ext.. renovate, live in one rent the other. 

My other venture would be single family homes, flip/wholesale until the margins allowed me to buy in cash and rent these properties.

My question is basically what do you think of the ideas and could you bring some prospective or insight to this thread.

[Alex Lucille]

Strategy depends heavily on which markets you know/have the ability to invest in. Start by figuring out where you want to invest then figure out the best strategy for the area.

I'm in seattle, the only way to make money here as I see it is to flip or go north to Everett or south to Tacoma for some meager buy and hold rental opportunities.

You may have a big advantage living in an area where cash flow properties exist and there are opportunities for forced appreciation that you can do yourself. Brrrr is almost always the way to go as long as rates are low.

You can also look to partner with investors in seattle who are looking for someone willing to put some skin in the game and can also pm the property. Start looking for deals in your area

Feel free to shoot me a message to chat more, I would love to learn more about markets outside of seattle but still in washington.