All Forum Posts by: Russell Redford

I am very excited to get started investing. I currently am in a job I dislike, with little opportunities for advancement. We dont want me to work until I'm dead. I've done my due diligence, but my wife is very sceptical.

We have heard a lot of advertisements from "real estate gurus" who sell the dream of financial freedom to only ask you to pay thousands of dollars for their secret formula. It's made her very sceptical of real estate investing. I can't blame her. We are living paycheck to paycheck with 3 small kids.

I won't do this without her support, and she is trying to get a clear picture of realistic possibilities. She asked me to post these questions.

1: Is it really possible to replace someone's income with real estate investing? (We dont expect to get rich quick, but how many of you have been able to quit your job after building your business for a few years.

2: Once your business replaces your job, how is your work life balance? The most important thing to us is spending time as a family, and dont want to commit to a life style that requires 60+ work hours a week.

@AJ Leman

You are the best!! Thank you!

I am just starting to learn how to become a real estate investor and earn financial independance. Right now, I am educating myself the best I so I be successful. Do you have any recommendations on books to read, podcast to listen to (I'm already listening to everything on Bigger Pockets) or other ways to learn how to get started?

My first goal is to to make $4,500 a month out of passive income from rentals. After that first goal, my second goal is to start flipping houses to pay down the mortgages and increase my cashflow.

Im doing all of this so I can spend more time with my family instead of my life revolving around my desk and working until I retire at 65.

Just for background, I have very little capital to work with (again, terrible job), but I know houses and buildings very well. I grew up inspecting and repairing single family homes, and know renovations and costs in and out.

Any recommendations you can make on books, podcasts, blogs, anything to learn this art would appreciated.