New to the group and looking for some first steps advice.

[Aaron Vassar]

Good afternoon BP crew. I’m a 43 year old father to 4 daughters, and have been married for 18 years. I currently work as a plumber, but am ready to make a change, and real estate is a dream we’ve had for some time now. The market seems a bit wonky at the moment, which creates some challenges, but risk is inevitable, regardless of the state of things. My goal is to retire in 10 years, with passive income from RE investments. Currently, I only have about 20k to work with, and minimal knowledge. I’ve considered getting my RE license and doing that part time to create some extra cash flow while learning more about RE. What would you guys recommend to a first time guy looking to make a move, with limited funds? Thanks guys!

[John Clevenger]

Welcome to the community Aaron! 

Love to see your determination to get into this life changing industry. 

Typically the easiest way to get into the industry is househacking, if you're unfamiliar, its when you buy a duplex, rent out one side, and live in the other. However, I can understand the hesitancy in doing so given the size of your family. 

With that being said I'd recommend trying to find a partner to go in on your first deal. I would try to find someone who has some experience in the industry and will respect the plumbing knowledge you bring to the table. Doing your first deal with a partner helps both parties stay accountable as well as opens up opportunities with the additional capital and skills each bring to the table. 

In addition to that I would try to analyze deals and expose yourself to the industry as much as possible. Try to listen to a podcast about real estate investing while you drive and plug numbers into a deal sheet on a daily basis. 

With you background in plumbing I'm sure you will feel more than comfortable to pull the trigger when the time is right. 

You got this 😤