Newbie looking to get started in Kalamazoo Michigan.

[James Dean-Howell]

I just got started learning about real estate and I'm excited to jump into the field. I've been working at a bank for 3 years now and in that time have put what little income I've made into a few investments. I'm pretty satisfied with my long term investment position and so I'm looking for a way to fund my retirement other than investments.

There is so much information it's a bit overwhelming. I work full time, soon to be part time, (for health reasons,) and so I'm looking to use that extra time to learn and grow my knowledge and hopefully jump into the field. I'm in Kalamazoo Michigan.

What I want out of real estate investing is to build up enough passive income to retire comfortably and provide for my family in the future while having plenty of time to spend with them. I think that's what a lot of people want.

I attended a Reia meeting recently and made a few contacts. I make very low income, under 30k a year. So I've been thinking about getting into wholesaling to build capital. What I really want to do is invest in rental properties. I got pre-approved for a 50k loan but I'm told that isn't very much. Especially since I would like my first property to be a 3 or 4 plex.

My first step into the field was when I went out the other day to walk a neighborhood and scout for properties that were in disrepair or boarded up to present to a known contractor in my area. (Who I met at the Reia meeting). So I actually did something even though it's not much.

I'm willing to work, make contacts, make friends, and make myself useful to gain knowledge and build relationships. The reason I want to be successful is because I plan on adopting within 10 to 15 years and opening a foster care home. I want to be able to not have to work full time and ideally not even have to work much at all so I can focus on caring for the kids. So I'm motivated to make this work. I've listened to a few BP podcasts and read about 4 books so far. My mind is open and empty, ready to absorb and learn. Thanks for your time!