Newbie in the San Francisco Bay Area (San Mateo)

[Willie Kate]

Hello!

In  an effort get past my "analysis paralysis", I'm taking the plunge and getting more engaged in my real estate activities. The only properties that I have invested in are the homes that I've owned.  I've spent many years doing research, learning and working the math but, I haven't actually bought an investment property.

My goals are to provide a means to a college education for my two kids (4th and 5th grade, respectively) and to augment my retirement.  If I create that foundation, I'll have the fundamentals to potentially take things to another level. (My situation is very similar to that of Karen Rittenhouse from Podcast 002; Starting out with Karen Rittenhouse).  

I currently work in the hi-tech industry on the sales side.  I want to be able to translate those skills and talents into this new venture.  I'm pretty savvy around the computer (Apple based devices; home networking, making data sharing from device to computer, etc,) and would be willing to offer help to those who need it.  

I seek advice and encouragement to keep me focused and plot a sound course of action.  Some of the strategies I'm looking into are wholesaling and Subject-to.  Eventually, I'd like to try and flip properties. My financial situation is such that I have decent retirement funds but, not a lot of cash.  Any and all insight is appreciated.

Regards,

-Willie

[Kyle Karges]

Willie,

I don't know what type of retirement account you have but I would look into a self-directed IRA. You can take control of your money and invest in real estate property, ones that cash flow of course.