Newbie from Colorado Springs

[Paul Graham]

Hello all! I'm Paul from Colorado Springs, CO and I'm convinced that real estate investing is the best long term wealth building strategy. I'm at the nervous and cautious stage, but am trying to educate myself as much as I can before diving in. We have a decent amount of equity in our primary home so I'm hoping to secure a HELOC, then possibly Flip my first investment to build the capital needed for a Rental property. This path may change as I gain more knowledge, so feel free to share your advice with me!

Excited to be here and hopefully optimistic about moving forward in the world of REI!

[Tyler Work]

Hey @Paul Graham welcome!  Have you thought about doing a live in flip?  That might be a good idea if you don't have a ton of cash to work with since you can put less $$ down.  One strategy I'm pursuing now to obtain rental properties in our very expensive market is buying a new primary residence every 1-2 years and converting into a rental when we move out.  This allows for a 5% down payment and keep the cash down to a level I can replenish every few years.  If you don't have a realtor @James Carlson is awesome and can help you out.