.#6 & #7 are underway with #6 being ready to list soon.We are hunting for the next one as I type..I do not want to discount all of the advice that everyone else has given because there is a lot of wisdom in those posts.Before we started, we viewed the finished product of a previous flip.We started with one and when that went well, we started searching for the next property.

As you guys may know, a major construction project is underway in Atlanta - the building of the future Atlanta Falcons stadium.

. :)Now we're waiting on the terms from the hard money lender and our first flip will be well underway! 

Failing to do that, your progress would be slower as you'd be spreading yourself and your knowledge expansion too thin.I'm in Calgary for a short time and I've heard the market here is quite depressed, however prospects for improvements are high and new home developments are still underway.

I will admit that as i get closer to finally starting (the sale of the house is already underway, as is the 1031 attorneys, and identifying replacement properties) i do find myself beginning to worry or second guessing.

With inflation at 40-year highs, interest rates rising and monetary tightening underway, there seems to be a consensus that the nation is heading toward a financial downturn.While the likelihood of a global recession is not certain, commercial real estate professionals need to take the long view.

Not only do they not require any EMD, they have told me that i can back out even after the purchase agreement is signed and rehab is underway.  

At 40 you should have a 401K underway and have additional savings for emergencies.With a house hold income of 50K this should be possible by analysing your expenses and cutting out luxuries.

Furthermore, by the time these people entered the market, the housing bubble had already been underway and likely ready to pop as is.

Currently we have everything underway from a 1,000 sq ft single family rehab for sale to a new construction, 18,000 sq ft, 5-story, 16-unit plus ground floor commercial mixed use building for lease.