Then on your second do the 3.5% down FHA and leverage two low money down programsIn the mean time check these out:https://www.biggerpockets.com/real-estate-investin...https://www.biggerpockets.com/courses/a-beginners-...Once you know how much you can afford, you will know where you can buy.  

Way to go beginner ?!!

I am a beginner in real estate and want to own rental properties.

Make a quick buck and move on to something a little more beginner friendly. 

Time to build the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Two Great reads, I bought both J.

I'd recommend starting in two places: The Ultimate Beginner's Guide to Real Estate InvestingHow to Invest in Real Estate With No MoneyHope those help some!

Before the RE discussion came about, we had decided it would be a good idea to pay off all of our debt first (1 vehicle and primary residence mortgage) before getting into the RE game.I would like to ideally use cash to fund my first deal as a lot of the financing options (HML, PML, HELOC, HEL, etc.) seem pretty risky for a beginner.  

hey guysthanks for replying my message out of your busy schedules, i really appreciate...i just finished reading the ultimate guide for beginners and its been an eye opener.. 

As a beginner, these stories are very encouraging to me.

Have you checked out the Beginner's Guide to Real Estate Investing?