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Updated about 7 years ago,
Newbie from Gadsden, AL
Hey guys, my name is Chad Gray. I'm from Gadsden, Alabama (RTR!). My wife and I are new to investing in general and new to real estate specifically! We have purchased 2 homes for personal residence and are currently living in the second. We would like to begin investing in our future, and working toward financial freedom. We have come to see real estate as the best return on our long-term investment. We are interested in learning about fix-and-flips to help generate capital for buy-and-hold rentals. I envision having a company with two branches (flips & rentals).
The only debt we currently have is our home, but are still living paycheck-to-paycheck. I manage the family business owned by my father-in-law. It's a great job which affords me the flexibility I need for my family, it's just not growing.
We have a little equity built up in this home which I believe could go into a HELOC for an initial investment. Any advice on what would be a good start is greatly appreciated.
I stumbled upon BP via a series of connected podcasts (long, cool story for later). I've learned a ton already (way more to come!) and don't want to get stuck in analysis paralysis!
Thanks so much in advance!
Chad Gray & Crew (wife & 3 awesome kiddos)