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Updated almost 5 years ago,
New to real estate investing but not to construction
Hey guys/gals
I am a full time entrepreneur with a background in Finance. I love real estate as I have always been interested in investing. I currently have two properties, one me and my wife stay in, which we bought foreclosed (112,000) and renovated. The second house was an early inheritance gift to me and my wife. The property is 120-130,000 without renovations and only has 42,000 left on it. I worked for a GC ( Father in law) with 40+ years of experience for 7 years before starting my own business so I am well versed in rehabilitation.
My only weakness at the very moment is the available cash other than the properties we have with the substantial amount of equity in them. I’m excited because I can see that we have a great opportunity to start really investing in real estate.
I guess my biggest issue is I have analysis paralysis. I am definitely overthinking it and don’t really know where I want to start. I have the rehab experience as well has I’ve deeper dived into sooooooo many real estate books, education courses, risk management books and talked with a few investors.
What advice could you give to someone like me that has this burning passion to get started but doesn’t really know where to start?