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Updated almost 6 years ago,
Starting out ( forming my plan)
Hi, I am currently educating myself on real estate to the best of my ability. I have also paid for an 18 class coarse to obtain my real estate license in the Phoenix area. I start this soon and hopefully will gain more insight from this. I have made a run at millions before, In the oil fields. It didn't work out for me financially but I learned some very valuable lessons. I have always rented due to moving to different cities and other reasons. I desperately want to get out of the "rat race". I have roughly 6 months before I am back to the 750`s for credit I have spent the last 3 years rebuilding due to the oil crashes. That being said I have spent most of my extra income clearing all of my debt. I still have some liabilities like car payments, rent, food, gas ect. I plan on getting much more education before I get started. I don't have a lot of money but can make up for that with time. I currently work as a superintendent for an asphalt company I have an interesting opportunity with this company because for 7 months out of the year it takes a lot of my time and energy BUT I have 4 to 5 months of the year when I make the same amount of cash flow from them and only have to work 30 hours a week. I feel like I can make a lot of ground in this time. Also my second question. With my limited cash saved would it be better to wait to buy my own home and get the lower down payment on my first investment property instead?