Alex,
Thanks for responding. In response to your reply: I've talked to a few investors and listened to and read a bunch on BP and most of that advise was to get my finances in place before anything else. That train-of-thought seemed to make good sense for this market because ALL decent deals are gone in hours, not days. There's just not enough time to work my full-time job, locate the deals, work-up the numbers and then present the deals to investors before it's GONE. But, I'm close to getting an unsecured bank line of credit so that should be cinched-up in the next few weeks and I'll be able to get some money down on the deal before it disappears. Does that line of thinking seem to make sense? Thoughts?
Goals: my life goals have changed recently for a couple of reasons. The company I work for was sold in Aug of last year and then a couple of months later I was diagnosed with MS. So my previous goal of retiring from my corp job at an early retirement age changed to starting my own successful real estate investing company. That way I can leave my job before the lay-offs happen and create enough wealth to have the time to do the things I enjoy. I started the RE investing journey out by wanting to find, rehab and flip distressed single family homes but as I've done more market research in my farm area, it looks like there's more opportunity in multi-family buy, rehab and hold/rent properties. I've also recently made contact with a real estate broker who did land development deals in surrounding rural counties. I'm working on developing those rural land contacts and relationships to find those deals as well.
Blessings
