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Updated almost 9 years ago,
Now what?
I did it! I bought a sad, warn down house in a primary market and turned it into a beautiful home (and a nice profit).
Let me reverse... Nothing on the planet gets me more excited than huge construction projects. I love them, even just watching it take place from a distance. Watching a building or large apartment complex come together is just amazing. Needless to say my dream is to develop on a massive scale. Odd that I'm a marketing manager, right? Well, I am what I am in my current career. So I move forward and do my absolute best.
Looking at my options and market conditions (in 2013) I knew I had to get into a fix and flip. So I did. I got an FHA loan and lived the dream. The house I was living in was now a construction project! It was fun, interesting and exciting. All 3 years of the blood, sweat, and tears. That's right, 3 years. I had to do practically everything myself because my salary was quite low.
Then, it was over. I listed and sold my house for a nice profit. Now I'm in search of another fix and flip. The idea is to get a handle of paying people now. Then move on to a new home spec build.. and eventually into bigger and even more exciting builds.
So the question is if I'm on the right path? Should I be focusing my energy elsewhere? Maybe searching for a partner and get right into new build projects.. or do I need to prove myself on a few more smaller renovation-style projects? What are your thoughts?