Hello BP!,

I'm so happy to have found this site...I knew it had to exist but it took me a little while. I'll do a quick intro and then I'd like to get some opinions on what might be my best course of action.

I'm 33, and have been working at a large investment co. for 10 years. I earn a decent wage but I never set the corporate world on fire because I HATE the politics. My burning desire is now to leave corporate America. I recently read Think and Grow Rich and it changed my life. It finally clicked. Since then I've read Rich Dad Poor Dad, a few flipping books, The Millionaire Real Estate Investor (great book), etc. I also love listening to podcasts and I'll be joining my local REI club this month.

I KNOW that I am now a real estate investor and I've considered all the strategies. My plan is to start wholesaling while keeping my 9-5 until i can move one to rehabbing and quitting my j.o.b. I'll also build up a portfolio of cashflow properties.

That said....I can't shake the notion that the market is so low right now and acquiring some cash flow properties now is probably the best investment anyone could make (yep even better than Apple). I'm considering renting out my house which I bought as a REO April 09 and figuring out a way to buy another, smaller, house that might need some sweat equity to live in while i fix it up.

would a subject-to deal be the only way to buy a new house without a conventional mortgage if i weren't going to unload it? I could come up with a down payment under 10k and I also have about 50k-70k equity in my house but not sure if i can tap in to it.

So, "If you were me" what would you do?

Thanks in advance to all the great BP members. You'll be seeing me around =)

-Dave Tower