Newbie from Indianapolis, IN

[Cory Deeter]

Like so many others, I'm a newbie. I own my own home and have been thinking about investing for several years but didn't think I was financially ready to do so. My wife and I have stable income and good jobs so we're now ready to get into the game.  I have what I think to be a relatively achievable goal of doing 1 flip this year and making $5,000 profit.  My wife is a bit more risk adverse so we're going to start small and see how it works out.  

[Mike D'Arrigo]

@Cory Deeter Congratulations on making the decision to jump in. The only advice I have is to set your sights higher than a $5000 profit. That's an awfully thin margin and can disappear real quick with 1 or 2 mistakes a long the way.