What Can I do to improve NOW?

[Paul Honen]

Hey everyone,

I'm from Chattanooga, Tennessee, and have recently started (I see the path at least) my journey on building a strong passive income through real estate investing. I came upon the idea since I recently bought my primary residence and found the process interesting and fun!

I'm a bit tapped out on cash since I just bought my residence (I know now this might have been a rookie mistake :[ ), but I do have a full time job, and have decided to start saving for my first real estate investment! 

What can I do in the mean time? I'm reading all the materials I can get my hands on, but I feel like through hard work I can push to start investing even sooner than just the paycheck from the daily Rat Race. Any suggestions on actionable steps I can make now to further my book education and (hopefully) my practical education along? 

Super happy to be here and to get started,

Paul

[Josh Braun]

@Paul Honen - here are actionable steps you can take (while working a full-time job):

1. Buy and read Jay Scott's book on flipping houses and book on estimating rehab costs. Read it front to back twice and take notes.
2. Analyze 100 deals (on and off the MLS); you have an opportunity right now to gain hands on experience on the analysis side and that will equip you in creating awareness of what a deal is, what it looks like, smells like and what is not a deal.
3. Join and start attending the local REIN group
4. Start driving around and determine your farm area (area you want to invest in); write down the address of all distressed properties and mail the owners of those properties asking to buy their house
5. Connect with 10 people at REIN who have done a deal or are doing a deal

Don't let the lack of cash keep you from obtaining your goals.  Find a deal and then you can find someone else to fund it (i.e. one of the 10 people you would have met at the local REIN group).