Business Owner turned Real Estate Investor in Jacksonville NC

[Dean I.]

Well, turned may not be the right word. The fact is, I have owned and run a few different businesses, some more successful than others and I am now ready to start real estate investing. Currently I own two small stores which supplies me with a consistent income. For the most part, the business runs itself, allowing me to dedicate the time that is necessary to study, search for and invest in real estate. I also have my real estate license, but it is not active and I have never used it. The fact is, while I am a salesmen at heart, I have never had any interested in being a real estate agent/broker, I only got my license so I could get involved in real estate and learn the business.

My current plan is to initially start flipping houses. I don't plan on drawing a check from the business for a while. Instead, I will reuse those profits to continue financing more and better flips. Eventually once I have a pretty consistent cash flow coming in, I will begin to invest in some rental properties.

I do not know everything about real estate and I wont pretend that I do either, however, I do have some business knowledge and I plan on treating this like a business. I believe that with my past experience and with the help of this forum, I will do well in this new venture. 

I recently came from another business forum (specifically related to my business field) and was a pretty heavy contributor. Though I am obviously new to this forum, I hope to one day be a valuable contributor to this forum. And while I may not have any real estate experience, hopefully I can use some of my business experience to contribute and give back to this forum while I am learning this new business.

Based out of Jacksonville, NC.

[Patrick Madigan]

Welcome @Dean I.!

Sounds like you have a pretty promising foundation to view this as a business. To start learning the specifics of this industry, I can't recommend anything better than digging into the forums, blog posts, podcasts, and the books. I just started J Scott's The Book on Flipping Houses and it's awesome so far. You can find it under the "Education" tab above. 

And like you mentioned, keep coming back here to share what you learn, ask questions, and encourage others. Sounds like you already value kind of that contribution.

Let me know anytime you're up here in Raleigh and want to chat investing. Looking forward to tracking your success!

Cheers.