John Hill from Muncie Anderson area of Indiana.

[John Hill]

I am new to real estate investing. The reason I am learning about it is that I have been working 70 hour weeks since 2013 and I am exhausted. I would like to grow a portfolio large enough to allow me to quit my current job as a truck driver and live off of passive income.

I have no real estate experience. I am starting to change that by reading the books in the BiggerPockets store and listening to all the BiggerPockets podcasts.

My ultimate goal is financial freedom. My plan is a work in progress but as it goes it looks like my best first step into real estate investing is this.

Get a FHA secured loan on a 3-4 unit multi-family home. Possibly one that need a little rehab and use the 203k for that. After the rehab the value of the property should have increased. So long as a got a good deal I should, at that point, have some equity. Refinance 6-12 months later. Use the capital as a down payment on another property.

While I am waiting for that to "season" I think I would like to whole sale to raise more capital for more deposits on more properties.

That being said, this is my plan from what I know after only a week of research. There may be big whole in this plan that I don't even know that I don't know. With the things I learn next week it may change.

I found BiggerPockets because I was wondering if I could pull of being a landlord.  People say it's awful and the worst is needing to evict tenants. So I was doing research on what a landlord has to evict a tenant and I found some BiggerPockets videos on YouTube.  I watch a few hours and got hooked. Now I am here to learn more.