Working on a business plan for the coming year.

[Chris Marshall]

Hello I am a brand new investor, over the rest of this year I plan on just sticking to learning about real estate investing, the terminology and all that goes into this line of business, as well as making connection through my current job. Right now I'm working on a business plan and I'm getting stuck. In the area of Missouri I currently live in the market seams to be very friendly, we've always had really low taxes compared to the rest of the US and property is very cheap. I want to start slow and so for the first place I purchase I want to stay below $50,000. If rent is $1000 or 2% what can I expect the loan payment might be. I'm trying to find a source to learn more about how the lending works when doing real estate investing, I haven't found much yet. I apologize if this is on the forums already I searched through a good chuck of the forums this morning and haven't found anything regarding this. My overall goal (ideally) is that by the end of 2017 I have $2000/month in income after all the payments and upkeep with houses and whatever else might come up. That may be bold but with that income I would be able to devote more time to my software company instead of selling insurance. I would love any comments you may have to help me reach that goal, Thank you.