utm_source=search&utm_medium=internal&utm_campaign=books Also, you can review the quick links below to help solidify your grip on this site. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets https://www.biggerpockets.com/rules https://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material) https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)After becoming more knowledgeable and confident because of my above suggestions, take action to snag your first real estate investment deal if new or add to your existing holdings if you have prior experience.Here are some solid tips before buying your 1st investment propertyhttps://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/ Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

Ok, now that you have taken your initial step, below are some quick links to get engaged. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI) REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttp://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

I imagine many beginner investors on here are looking to buy their first single family home in the $40K-$65K range.  

Beginners will find difficulty following the standard guru methods in their most basic forms.Although there's quite a bit of hyperbole in @Aaron Mazzrillo's comments his point is well stated - you won't find deals searching the MLS, relying upon unseasoned brokers/agents, or combing through Zillow, Trulia, etc. etc.You may get lucky with one or two deals, but if you're trying to build a business in Southern California you won't be successful by waiting for deals to fall in your lap or by looking where everyone else is looking.I've been investing and have owned and run a brokerage company in Los Angeles for over 20 years and have consistently found cash flowing deals for myself and my clients regardless of the market conditions.

My wife and I are beginners and need advice about how to handle this situation.

You already have some experience and with additional effort, will quickly climb the REI ladder to its pinnacle.To be more successful, you simply have to work on the other elements to progress your REI pursuit.You didn't mention a niche that you plan to focus on, but, below are links to set you thinking.https://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI) Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/Below are some quick links to get engaged on this site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/rulesREI books suggested by BPershttp://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

Welcome from a fellow beginner☺️ Thank you for your service.

However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI) Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttp://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

Of course, you need to read The Ultimate Beginners Guide to REI here on BPIf you haven’t already, please read/listen to these books ASAP!

Welcome to BP @David Massena Since you are new check out the free beginners guide under the learn tab above.