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Updated over 1 year ago,
I am doing the work but I need some help...
So I am currently a Realtor but want to transition into being an investor. I hired a coach with a stellar track record and we have been working together for a few months. My goal is to make my everyday income off of being a real estate investor while I acquire rental properties. I currently rent and a 3.5% down payment on a 450K fix up house at 6.5% interest sounds daunting. Flipping sounds capital intensive to start (some people say i can raise a lot of private funds for the fix and flip and others say I need most of my own capital to start)
My question is, what should be a very rough business plan or somewhere I can aim my sights on. I feel very spread thin at the moment looking at owner financing, putting my own money 20% down on a rental, BRRRRR, fix and flip etc...