A little about my...I'm 36, married with children, active duty soldier and expect to retire from the military in 3 yrs. My RE experience is limited but I've been poking around for yrs. I purchased my 3rd home 2 yrs ago and we currently reside there. The first 2 homes, we lived in and sold when departing the area. One of those I rented out for 2 yrs before selling.
I WANT TO BECOME DEBT FREE, eventually. Thats the end-state, the goal so to speak.
I don't have much cash in hand since I've been paying off debt. I have the ability to sell off some toys to generate cash, but haven't committed to that yet. Hard decision for the wife and I. :) My credit is great.
I have about 30k in equity in my current home. Not a sellers market in the neighborhood right now, but rental houses in the area rent immediately. My mortagage is $800 and I could easily get $1000-$1100 monthly for rent.
I'm going to a local REI meeting in a week or so. I've recently started to network and find other investors. I'm in contact with a few realtors, trying to find the right fit. I lose sleep at night because I'm listening to podcast on BP. LOL
My wife said she would consider a move in flip, where we live in and do a portion of the work ourselves. I've also contemplated a lease option for my current house. And I'm kicking around the idea of wholesaling. I think I'd even consider bird-dogging just to gain the experience and learn the ropes.
So many directions to go!
What guidance do you have for me?
Thanks in advance.
