@Henry J. Hi and thanks for your comment. I appreciate the kind words about the business. No, it most definitely is not easy, thats for sure haha.
As far as the financing, my first step with all this was seeing if I should go with flipping or holding if I wanted it to be a full time job and create income. Its obvious now after a week of research that holding is not the way to go. I found that either wholesaling or flipping is the best option to make income, other then being an agent and selling. So now that I know that, as far as lending, I know a lot of hard money lenders and I feel I should be able to get a mortgage, at least on my first one. If not, I planned on using hard money. I was thinking about starting with a flip around 60k on the first, which is about the same amount of cash I have to invest total. I would like to only put down the necessary down payment though or look more into the OPM aspect. Everyone goes around saying you can get started using no money down and I would like to find out if its in fact true.
The W-2 part does have me a little concerned. Obviously if I wanted to do this full time, I would be self employed. These are all things I am trying to figure out before getting started.
As far as capital, as I said, I set aside around 60k for this venture and I also put another little bit of money aside to float me for a year or so if it takes that long to complete and sell the house. I plan on going to my first investors meeting in Feb, although I was recently told by a local agent that it is not a good idea and it is a waste of time? I was surprised to hear that since everything I read about getting started says it is the best thing you can do.
Thank you again and feel free to reply back on anything I said.
