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Updated almost 8 years ago, 01/15/2017
New Member from Tampa/St Petersburg Florida
I am retiring from the Air Force in the next seven months and absolutely love real estate. I am working on my real estate license right now. I should be done in the next month or two. I am interested in flipping homes and obtaining some rental property. It just depends on the deal on how the numbers work out.
I have a rental property in Phoenix AZ that I obtained because I had to move to Germany. It was my primary residence, I lived in it for a few years and then turned it into a rental. As the years have gone by, I have realized what a great property rental it is and the income that I get from this property will help me retire.
In addition, I have recently flipped a house here in St. Petersburg Florida. Brought a foreclosed property from the bank and renovated 70% of the house. For a first time flipper, I made decent money, learned a lot about flipping and had a great time renovating it.
Now that I am retiring from the military, I would really like to do this full time. The plan is to find a few houses to flip in order to build up some capital. Once I have some more capital, I would like to look at a multiplex rental. Although, I'm not apposed to finding a rental property earlier in the game if the math works out right.
My challenge is that I have the capital for the renovation but I don't have the money to buy the house. I would prefer to find an investor, then finance the house through the bank. Since I am new to the real estate market, I don't know a lot of investors. So, time to start networking!!
I'm happy to hear form anyone that can give me some advice and tips on how to move forward. I will be looking for a investment property around September 2017. Until then, I will be learning as much as I can about investing in real estate.
Thank you in advanced for all the support,
Tara