Young and Motivated.... and poor!

**nickjaero** · 06-04-2011, 09:29 PM

This is my first post to the website, hope to learn a lot out of some seasoned folks.

I am fresh out of college, married, and have a baby on the way. My grandfather has always owned properties (single family and small complexes) and my interest has ramped up as of late. I now know I want to use real estate as a source of passive income.

My first ambition to enter the world of real estate investment is to buy a duplex and be an owner-occupant. I think this would be a great way to learn a lot about being a landlord and decrease my risk slightly by occupying half the space until we can afford to move on. One of the biggest worries I have is, how can I possibly get a loan for a multi-family property considering I definitely do not have enough cash of my own to have a decent down payment? I have considered talking to my grandfather about basically loaning me money to get my first property but really don't think he'll go for it.

I appreciate ideas on how I can get my break into this world!

Thanks!