Go talk with a lender - see that you are going to need to be able to show stability and earning power. Ask them what it takes to qualify for the loan.

Now is a great time to be coming of age and seeking opportunity. By the time you stash away a good down payment the markets hopefully will have flatened out, stablized, and be on the way back up. Make sure you don't overleverage yourself.

Check for foreclosures and Bank Owned Properties. Go to the lower priced ones and you can see that there is opportunity that simply was not there a couple years ago.

Keep in mind, you make your money when you buy, not when you sell - meaning do not overpay just because you want to own something. Hunt down value, and be patient yet always on the lookout.

I highly recommend your reading Gary Keller's book "Flip". It will keep you on the right path and teach you to build a network to help you do what you seek to do. There are many people that called themselves Flippers that would not be in the sad shape they are in today if they would have heeded that book.

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Cal
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