My name is Terrance Williams i'm 27 years old from Paducah,Ky...I'm excited to be embarking on my real estate journey...based upon this research id like to begin my journey in wholesaling Houses... are there any Agents/Investors is my area that have information on what i need to be doing now to begin my journey?

In addition to being a long term flip, I’ve rented out rooms for the passive income.My goal is to acquire at least five income properties in the Phoenix area in the next two years and then embark on some flips.

Great strategy here for someone just embarking on their journey.I have seen Tim Puffer 's house and it is awesome and will cash flow hugely once he rents out both halves and until then, he will live practically rent free allowing him to save or put his money to other uses.

I would love to ask the community (experienced or a newbie) a question and feel free to answer below (if you want):What do you wish you could tell past self before you embarked on your investing journey?

So, as I've said before on this form, if you're starting out, figure out your Adwords/Advertising strategy before you embark on your SEO strategy.

Any financing in your model would need to be non-recourse, which is going to be more like $40-50K that you could pull out.  90% of that would go to you and 10% of that would go to the IRA - you can't choose to leave the IRA in the deal and cash yourself out.If the IRA is involved, you cannot rehab the house personally and would need to hire that work out.The use of debt-financing with an IRA introduces a tax known as UDFI, which will not add up to much, but is something an investor would want to understand if they pursue a strategy such as this.So could you embark on a strategy in this vein and generate good return for your IRA?  

Clear whatever you are trying to do with your broker before embarking on whatever plan it is you are putting together.  

@James Propeck Do you feel as though you were extended too thinly at the time that you decided to embark in RE?

Just can hardly wait to embark on it.

Hi All,I know a lot of people are turning to virtual assistants to offload some of the repetitive tasks that are taking up valuable time for real estate investors.I'm about to embark on a change of situation and will be living in Brazil for the next 12 months.