I'm in a similar "boat" to you - pretty much just getting started and a bit nervy although also excited about the future prospects.

Soo, when every body seems to be buying at high prices, in a hot market and You feel like Your gonna miss the boat. . . . .STOP!

I live and work on a boat 8 months a year so finding a place to live will not be too hard.

We were in the same boat but I had a little cash to play with.

You'll find many people in the same boat and some that have been doing this for a while.Real estate is fun and life changing!

@Brian HibbsI am in the same boat as you.

So for all of those who were in this boat or have taking apprentices in this boat as a mentor, what were your secrets to getting past this phase to gain some experience under your belt?

Hey Josh,I'm in your boat too, and happen to be in New Paltz.

@John Nisewonger typically you need 20% down plus whatever rehab is needed when you buy the property, plus some money set aside just in case things go haywire (large plumbing expense for example).The benefit of networking is that you may find someone else who is in the same boat as you -- they have enough for about 10% of a down payment plus a little reserves but don't have the full thing.

I was actually in the same boat as you were (not to say I am completely out of the boat, as I still consider myself learning).