New Here - Not Sure Where To Start

[Mark V.]

Hi All,

My name is Mark. I'm in a position now where I can start investing in real estate. I have a home with about $250K equity and a cash flowing website that could sell for about $350K. I also have a 401K I could pull from for down payments.

I'm thinking of using my equity and possibly my website to fund real estate expansion. I don't have an idea to start. I have looked at several markets like San Antonio, Ok City, and even parts of Alabama. I'm hoping to drop 20% down payments on each property thinking they would purchase at $250K each and maybe cash flow $500 a month to start.

I'm hoping to get some guidance on this process. I looked in Morris and actually have a call with them Friday. I looked up reviews and ended up on this website. Now I'm super skeptical about working with them seeing the posts on this site. I don't want to go to those RE seminars to get help (most seem shady to me). I want to find guidance or a genuine service who can work with me.

My why is my youngest son, he was born with dual microtia. Corrective surgery for him is $100K+ for both ears. I want to be in the position in about 5-6 years to tell him he can get the surgery. I was born with a similar condition that I live with now because my parents weren't able to afford it --- I don't want my son to be in the same position as me.

I have cash flow right now, but a lot of debt (due to student debt). I'm looking at creative financing options. I'm happy to discuss in detail with anyone who can help. My biggest hurdle is getting approved for my first investment property since I likely have to do a cash out refi and also still qualify for the mortgage on the investment property. 

Thanks,

Mark