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Updated over 5 years ago,
Second "Stay in Flip"... What now
A little back story to explain where I'm coming from and my current situation.
-Bought my first house (foreclosure) in 2012 in the Houston area, lived in it for 5 years not knowing I would flip it. Sold it, made some really good money (Houston real estate market was HOT at the time, and still is).
-Bought my second house (foreclosure) in 2017 in the Houston area. August 2019 is my 2 year anniversary.
Both houses I have renovated myself, and even started a little construction company on the side. Also have a full time job. I've renovated 3 houses total, and have done everything from roofs, to all new plumbing, all new electrical, and removal of walls. So I've dealt with many obstacles along the way, and learned a ton.
The past year, I have sold all of my liabilities and at a cross roads on what comes next. So I'm curious on everyone's input on what they have done, or what there experiences have taught them. Maybe some suggestions on what moves to make next, because ultimately I want financial freedom and I believe I have the skill to achieve that. Just need some guidance. I have been overloading my brain will all types of different ways to become free, and I'm itching to take the leap. Having a few mentors that have been down this road would make me feel at ease and educate me to work around mistake they made and things they would do different.
Current equity @ $100,000.00
My goals are;
-own rental property
-still would like to flip to keep the cash flow positive
-invest into higher end commercial rental property/ apartment complexes
Thanks,
Brandon