Newbie in Metro Detroit, Michigan

[Dan M.]

Hi,

I am Dan, as is evidenced above this post, and I have just recently discovered this forum while googling around about real estate investing.

I am 33 years old, and am currently employed as an electrical engineer at a major OEM here in the Detroit area. It is worth mentioning that I have been using forums as a source of info for ANYTHING I have ever wanted to know, but this is the FIRST ONE that I have ever been compelled to introduce myself on, communicate and especially post a picture of myself... This is probably due to the fact that I know that I will need all the help I can get in the real estate domain if I am to see any success. 

My goal:

My current plan (subject to change while I am stil becoming educated) is to start off slowly with some fix and flips while still doing my day job. After building up some more cash reserves, I would like to diversify into some properties to buy and hold, while still doing fix and flips. From here we will see what I do.

I have begun reading The Book On Flipping Houses, so this is my main source of education material aside from these forums, but I am seeing many of the same themes echoed between the two.

I will most likely start with HM Loans to begin with (I know this will eat profit) because I don't have any private investors or partners. I do understand that this means I will need to find an excellent deal, because it will eat up a lot of profit.

I have seen people talk about their freedom#, and I would feel comfortable at around 2x my current salary, so I know this will most likely take years to accomplish.

Thanks for taking the time to read this, and I am looking forward to communicating with many of you. I wish all of you the success that I wish for myself. Feel free to reach out to me with questions or advice.

[Dmitriy Fomichenko]

@Dan M.

Welcome to the BP family! Glad you joined the best real estate investing website! Here are some recommendations for you:

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