Starting Out in New England

[Cody Duval]

I've been doing a lot of research, trying to figure out the best options. I've seen the route of wholesaling and watched several of Sean Terry's videos, I've checked out lease options, and listened to what Kris Krohn and others have to say, I've checked out flipping, and even buying properties owing back taxes.

I don't have a ton to invest out of pocket, but have a line of credit I could utilize if the money is more of a sure shot. Obviously, I understand investing is always a risk.

The problem I run into is, I already have a house, don't plan on selling though. It is financed through FHA, so I can't really buy anything else at 3% down, as long as I understand properly. And I don't really have enough to buy with 20-25% down unless I pull equity from my current house. I just don't want to be stuck with this house forever, so I'm in a sticky spot where I'm not ready to move, but also don't want to end up paying on it longer than necessary for when the time comes.

Ideally, I'd like some form of secondary income so I can pay this house off and have a substantial amount of equity as opposed to what it has gone up from market adjustment, plus what I've paid down. (About 60-70k from 2018-present).

I live in New Hampshire, and it seems as though the New England market is quite inflated compared to other parts of the country. However, I also see that average real estate investment salaries in New Hampshire are in the top 5 in the country, so there's clearly money to be made. I just need to figure out the best route for me, personally, to get involved without losing my shirt right out of the gate.

Any suggestions?