Starting Out - Looking at Renting ad Flipping

[Kai Ponte]

So I have been interested in real estate since I first started working. I just turned 50 and am ready to make a go at it. My great grandfather on my mom's side speculated in land in the newly developing areas of Los Angeles in the early 1900s and later in Las Vegas in the 1950s. I wanted to get into RE after college as a home inspector while working at a bank but found computer programming made more money.

Now with a house almost paid off and the ability to ingest YouTube videos as well as blogs, I've decided this is the time to learn all I can and move into real estate.

Right now, I'm learning and hope to take the plunge in the next 12 months. My primary residence will be paid off in three years. I want to have invested in properties which provide cash flow without a second full time job.