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Updated over 4 years ago,
Is it time? I think (and hope) so!
Since being laid off on April 1st, I've spent the last 7 weeks reading, listening, reading, learning, reading, watching, etc.
The world of real estate investment has always equally excited and scared me. That feeling remains. But I'm at a point in life, after working for others the last 23 years, where it's time to work for myself. I've amassed a ton of skills over the years as a 5th-grade teacher, professional competitive swim coach and a marketing leader that I'm positive have me well-positioned to take on this challenge.
I've identified 12 potential properties within 15-20 miles of my home, that look RIPE for a great deal. Low asking price, that I would look to get accepted lower. Rehab needed. And comps in each area that sit around what the ARV would likely be. Exploring funding opportunities and with decent cash savings on-hand, but without a current steady income, I'm leaning towards hard-money or private investors..or a combination of both.
So now - I'm at the cliff ready to jump - someone push me! :)