Sold my first rental property, huge profit, next step?

[James Honeycutt]

5 years ago I purchased my first home using the VA loan (no money down). Lived there for a year, then rented it out for 5 years. The market in Colorado Springs, CO skyrocketed so I sold it. I now have, after taxes, about $175k cash all profit. I also have one more property I plan on selling soon, which should sell for another $175k profit, leaving me with over $300k which is absolutely incredible for me and I am so excited about it!

I want this to be just my first step in reaching my goals of financial freedom.  I am moving April 2022 with my wife to Greensboro, North Carolina.  I plan on using that money to buy a few rental properties (with minimum down payments) and to have money left over to start flipping homes.  I think I would genuinely enjoy hiring contractors to fix up a home in a vision I see fit; and of course I would enjoy the profit off the sale of those flips.

I have a decent job working as a government contractor in the IT field, but I have a dream to be able to leave that work and go all in with real estate someday.  I'm 35, no kids, no bad debt, and my wife works a decent job as well.  I'm going to North Carolina with $300k to start this new adventure.  

I would love to hear ANY advice to help me on my journey.  My end goal is to be wealthy enough to have nice things and for my wife and I to not have to work a regular job anymore.  I would love to get big into flipping homes while having rental properties.  

Thanks everyone! 

[Matthew Crivelli]

Sounds like what you been doing is working out well, why not stick with the plan? Buy up rentals with as little down as possible, monthly cash flow coming in, let the assets equity continue to grow then refi or sell the property down the road. $300,000 is 20% of 1.5 million. So you should be able to buy close to 1.5 mil of assets with only 300k. The beauty of real estate.