Beginner in Michigan

[Terry O'Neal]

Hello all, looking to dive into real estate and get my first rental property. I currently work two jobs and just don’t want to live like this anymore. Not to sure where to start so any and all advice would be much appreciated!

[Randall Alan]

Real estate is a step by step process.  Generally speaking you have options that are “quick money” (flips / wholesaling), and options that deliver “consistent” money (rentals).  Your path will Likely depend on how you combine these... do you just buy rentals for the consistent income, or use flips and wholesaling to fund your rentals, etc. or maybe you can multi-task with multiple flips?

It takes some dollars to make it all start... so figure out how you are going to get the money... beg (family), borrow (family, bank, hard money loan, etc) or use savings or start saving more now?

Read Rich Dad Poor Dad for some motivation.   

Rentals will only generates hundreds of dollars a month (each)... but if you can manage to get say 10 of those, that’s $3,000-$5,000 a month in consistent income... so step by step you build your path to financial freedom!

All the best!

Randy