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As a first time investor, what you want to make sure is to have a really good foundation to get into this business and not lose money on your first deal.

There are a couple of things you will need:

1. Have a decent credit score (640 or 650 and higher)

2. Have two exit strategies in place

3. Have money to cover at least 6 months worth of payments in the bank for the loan and even on your own house

4. Have money to bring to the closing

If you don't have money in the bank, you can get into wholesaling which is a great way to get into this business.

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