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Updated about 7 years ago,
Plan of action recommendations!
Hello BP community!
First off, thank you in advance for taking the time to share your opinions and thoughts!
I am interested in real estate investing with my ultimate goal of building a passive income vehicle .
A little background on myself:
Obtained a real estate salesperson license after high school in 2009
Successfully fixed and flipped 2 SFH's while holding a part time job and doing all the work with my father(tradesmen) between 2011-2014
Got offered a full time job I couldn't pass up at the time in 2014
Purchased primary residence which is also a rehab/potential investment in 2015
My current situation:
A full time job that brings in about 100k a year, long hours
Own 2 properties: Primary residence(40% equity) and vacation home(100% equity)
About 50k in retirement funds(401k and Roth IRA)
Access to roughly 200k (with everything on the line)
4 years after accepting my full time job I am wanting to seriously get back into the real estate investing game with full a vengeance and am currently in the educational phase, determining which strategy is right for me, as well as researching and analyzing my target market. Reading the forums, books, and listening to pod cast all day has peaked my interest in the BRRRR method found here on BiggerPockets.
My intent is to work towards dedicating my full time focus on this business. I would love to know the route you more experienced guys and girls out there would take if you were in my shoes with the end goal in mind. CASH FLOW!
If I may ask, what would your road map would look like? What would your short and long term goals be? Multi family vs single family? BRRRR method, ect...
Any good book recommendation?
I'm open minded to any and all ideas! I look forward to hearing your suggestions and feedback! Thank you!
Kind Regards,
Corey Perdue