All Forum Posts by: Account Closed

@Watson Smith Yeah, they say go big or go home, I like it! 

@Russell Harris Thanks, same to you!

@Kenneth Reimer Yeah my background is in construction which is another reason I think fix and flips would be a good starting point for me. I've also been considering purchasing a multifamily unit, either a three or fourplex with a FHA or 203k loan depending on the condition. Since they only require a minimum of 3.5% down it wouldn't eat up all my funds, which could be used elsewhere in other projects/rentals, and on top of that I could pretty much live rent free with even some positive cashflow.

@Eric Le Yes that would be a solid investment, I like that FHA and 203k loans only require 3.5% down. That way finances don't get tied up in one or two investments.

@David Thompson Thanks for the reply, yeah I've read quite a few books on the subject by various authors, Phil Pustejovsky, Brandon Turner, Mark Ferguson etc, and spend a considerable amount of time here on Bigger Pockets as well. Yes I'd agree, the next step for me now is getting involved by networking with local investors, mentors, and any potential partners. I think to much book learning at once with no action gives a person the "analysis paralysis". 

OK here is my situation, I'm 26 years old with $90k I'm willing to start investing in real estate with, I have zero debt and near perfect credit history and not much liabilities in life at this point......no house, still single, no kids etc. So in other words I think now is as good a time as any to start investing in real estate. My ideal plan (obviously with a little tweaking along the way) is to start fixing and flipping homes in my spare time, as I still work a full time job. As soon as my income from flipping homes replaces my existing income I would like to quit my job and flip full time. At this point I would like to start putting my profits into rentals, single and multi-family homes, and possibly apartment buildings down the road when finances allow.

 So to all the more seasoned investors out there, what would you do if you were in my situation now? If you were my age again in this situation what would you do or do differently than stated above? I'm still new to the game and am very open minded to any critique/advice you might have. I don't want to get ahead of myself or be too overconfident, It's always easier said than done of course.