I'm 20 years old 740+ credit score and a base income of 37k annually(over 40k with OT) working at same company for a 13 months now I'm not sure where to begin and what my options are.

I'm 20 years old 740+ credit score and a base income of 37k annually(over 40k with OT) working at same company for a 13 months now I'm not sure where to begin and what my options are.

I was the only bidder & I purchased it for $211,331 using a HML with 25% down, 12% rate, 11mo term, with a $225 transaction fee and a $200 payoff fee payable at the end.

We both have full time jobs and a 9 month old baby, that we would love to spend more time with in the future by supplementing our incomes.  

With these types of people, I usually tell them that $700 a month isn’t really very much at all to pay for a three-bedroom home with a full basement, fenced in backyard and a garage.

Until I have a few mil to my name and a six figure cash flow?

I just recently went to real estate investor meeting and a person asked for my card to get help on a deal.

It is a loan and a loan wouldn't be considered income. 5) While I am not assuming you don't know this, one of the most common misconceptions I regularly run into, is the idea that Cash Flow= Income.

They want a two year lease, no last month's rent, and a discount off the premium price I probably could achieve with more time on market. 

When I walk through a place, I don't see how it looks but what it could look like based on the type of work I am capable of.I personally like homes from the 50s (good thick hardwood often hidden under a bad carpet) but avoid late 60s and 70s (popcorn ceiling = asbestos) and often cheaper construction grade.Overall, I found that flipping is a good way to turn your free time into equity/money and a great learning experience but it is hard work and definitely not for everyone.