Making the jump to investing full time

[Tracy Hewitt]

Hello. This is my first post. I've been listening to the podcasts and just started reading the forum posts. There is so much information it is exciting and overwhelming at the same time. A little background. I'm a real estate agent. I got my license when we bought our first investment property 16 years ago. I work for a small agency and only do it part time. Mainly for our own properties we buy and sell and for friends and family. My husband is a carpenter. We bought our first flip 16 years ago and a few rentals. My husband was working full time as a carpenter and then every evening and weekend on our properties. It got to be too much. We sold everything in 2009 and took a few years off. In 2011 we got the bug again and bought another flip. We've done 8 total and now own 4 new rentals. We always buy with cash and do all the work ourselves. We've done well on every transaction but it is sucking all our time. We have 3 kids and would like to be able to spend more time with them. We want to take the next step to doing this full time. Financing properties instead of always using our money, hiring contractors so we aren't working 80 hour work weeks every single week. We just don't know how to make that jump. I don't know how to write a business plan and what steps we need to take.