I am doing the work but I need some help...

[Tyler Piciullo]

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...

[Tim Delaney]

@Tyler Piciullo great that you are taking steps towards passive income. But a couple things jump out at me 1) flipping is not passive and not really investing, it is an active business. 2) what exactly is your coach doing for you and why are you listening to "some people" saying different things when you paid someone to guide you? 3) using your FHA loan to househack is a great way to get started in investing. If you can find a double, triple or quad the bank will let you use 75% of the potential rental income towards your DTI. Even if the rents don't cover all your living expenses if your monthly costs are around the same or less than your current rent then you are coming out ahead. 4) (take this with a grain of salt because I don't really know you) if you are having a hard time getting comfortable with a $450k purchase at 6.5% on a primary home then you may want to focus on some mindset podcasts or coaching - if you want to invest in more real estate you are going to need to be comfortable with numbers like that as long as the rent covers the expenses.