I have a car lease, 589 credit score, and a steady job at 43k a year.

Started BP thread to track my progress!

I look forward to following your progress!  

It took 3 weeks of tenant screening to find a guy with a steady income, crap credit, and handyman skills. 

I'll have instant equity and will begin my search for a new distressed primary property.Wish me luck and I'll keep you posted on progress.

Get some practice renting and keep the cash flow steady.  

Was a work in progress.

Despite the progress, Stockton still has a long way to go. 

I just recently graduated college (24 years old) and have a steady income so I am focusing on real estate investing more seriously.

I am purchasing my first duplex to live in and rent the other side out next Month, it's currently under contract, I am putting 20% down, after that, I will have approx 25k left, I want to get another duplex within 5 years, I can't qualify for anymore mortgages, the goal is not cashflow right now, although, I won't buy a property unless it does cash flow well, but the ultimate goal is to pay off a few multi's then have a nice steady stream of income for the rest of my life, should I wait 4-5 years until I have enough to purchase another building outright or should I try and get a couple owner financed deals but the problem is since I can't get another mortgage, I don't know I'd make a balloon payment.