Randy, welcome to the BP community. I can tell you that you are not alone having the real estate investment bug. In fact, you are doing exactly what my husband (Randy) and I are doing. My husband had a job in which he was only home on weekends. There was no way we could have had time to get into investing in real estate when he was only home 2 days a week. He was driving a semi cross country and that 2 days was spent doing his laundry, cooking a weeks worth of lunches and dinners, etc. So, I told him to put 6 months of living expenses into savings and when he was able to do that he could quit his job. It didn't take long and we were full time real estate investors. Scarry? You bet! However, if you don't try, you will never know if you could have succeeded. Our first 2 months we have bought 2 houses. We for a Heloc Loan for the first one and actually Joint Ventured on a house with another couple. It's a 6 month (4 for rehab and 2 to sell). If things to like projected, we hope to make a profit of $27,000. We contributed $164,000. The 2nd house we bought Our self and rehabbed everything but the kitchen counters and flooring Our self. It was a 2/2 manufactured home We lucked out on. We bought for $1,000, out $8,000 into it and that year and model sells for $19,000. The entire project took about 30 days and hopefully we will make a quick $10,000. You need to find Private Lenders (family, friends, your doctor, dentist etc). You also need to talk to financial institutions regarding Hard Money Loans. You need to work with realtors who understand what you are doing and the profits you need. A lot of times realtors can recommend good contractors. You need to contact a real estate atty regarding the forms that are pertinent to your state. Read everything on BP and read real estate books. Ask lots of questions. You are not alone on your journey. Good luck to you!
