Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago,

User Stats

24
Posts
3
Votes
Kyle Alberry
  • Watertown, NY
3
Votes |
24
Posts

The Big Picture

Kyle Alberry
  • Watertown, NY
Posted

Hello again biggerpockets community!

From my last posts, I have had a change of plans. I first wanted to invest before I graduated college, or maybe got an owner occupied property out of college after I have worked at my job, but I have now came to the conclusion that I am dropping out of college to move to Tuscon, AZ. I would like to be a real estate agent, and do investment properties. I am hesitant to call it my "side business" because I would like to be able to do it full time, and actually start a company by doing this. My main goal is to be a millionaire in 10 years. 

I have a rough outline, and I hope that I could have some help solidifying this so I can use it as more of a guide than just an outline. I was thinking after working at my job for a year or so, I can save up enough money to buy an owner-occupied flip/rental using a FHA 203k loan, and starting off there. I then would want to do about 2 flips per rental property. I have read "No (and Low) Money Down Real Estate Investing" by Brandon Turner, and I am dedicated to use my creativity instead of cash by using various methods to accomplish this.

Do you guys think doing 2 flips per rental is a good strategy? If I wanted to make this my full time job, and company, what would be the best way to automate and delegate tasks so I can focus on other ventures? I was thinking of a wholesale manager that basically generates leads along with a marketing team, and take the great properties and pass it through an acquisition manager to see if we would want to purchase it though the business. We would then take the other contracts and sell them to other investors. I believe this as a rough outline but this is sort of the route I would want to go.

Thanks again for your time,

Kyle

Loading replies...