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Updated over 7 years ago,
The Master Plan for the future
OK guys so the plan for me seems to come in bits and pieces. I wanted to get some input and advice on what you guys think about my plan. Keep in mind that this is not a "business plan" or even remotely close.
My Story:
Born and raised in eastern North Carolina, joined the army reserves, was hired at FedEx ground as a driver, deployed to Afghanistan, came back to FedEx, eventually got out of the army and after working 8 years for FedEx I to go work for the family I.T. business in October 2016, then some things went kind of shady so I decided to put my notice in to leave at the end of July. I have decided to go back to FedEx (which I already have lined up). The problem is I have knee surgery scheduled at this end of this month and I wont be able to go to work until October 2. I'm 31 years old, married, have 2 kids and a homeowner.
When things started to go south at my current job about 2 months ago, a friend introduced me to the idea of "wholesaling" real estate. I became really excited and began learning all I could on the subject. With all the research and YouTube videos I came across, that eventually led me in to joining Bigger Pockets about 3 weeks ago. Learning more and more not only about wholesaling but other avenues of real estate I then became more aware of my market and I also became better informed about what I wanted to pursue in real estate. From thinking that I wanted to wholesale I started to become more interested in flipping. I would also like to eventually pursue another strategy in the future that I'll talk more about toward the end of this post.
The Plan:
October 2 start job
Between now and December put my house on the market to sell.
After my house sells find somewhere to live for half of what i'm paying now.
By Jan 2018 purchase my first investment property.
If all goes well then purchase my second investment property June 2018 (Giving myself a 6 month time in between to flip two deals.
2019 have 4 flips under my belt
2020 go full-time real estate investor
And a future investment that I would like to eventually have is my very own wedding venue or event space if you will.
So guys let me know what you think. Obviously there is a a lot more variables but this is just a brief overview of what I want to do.
I love BP nation, you guys are awesome!
"Get your advice from BiggerPockets not HGTV"