Start by reviewing everything under the Education section and listening to podcast interviews.

But either way was a great education. 

Paid off the private money loan, the closing cost and walked a way with about $500.000We could have done it on the 160K, however I did not want to over leverage the property on the first try.

Hello,please, dont go flipping anything from hard money at this time. try door knocking, calling on craigslist, zillow etc to find wholesale dealssave up money then partner with an experienced flipper/rehabber on your first flip.until then, join local groups, meet 5 ppl a day in RE, build a network, provide value to them by supplying leads to them..via wholesale or even referral understand online marketing as well...thats the future, under how technology can be l leveraged in RE.so, you need to MARKET, NETWORK, & AUTOMATEfor now, start with marketing. kill it!!!

Yes, some folks made a lot without school but with a college degree (good one)  you will have lot more leverage for next 50+ years in your life (i.e. you continue your education with good grade for next 6 years and if you do it right , that 6 years will pay your back for 50+ years to come). 

I know that @Shiloh Lundahl often offers education at his meetings and has a way for new investors to learn and invest at the same time.  

Account ClosedSo I'm not very educated/experienced here, which may be a good thing in this case, but why not just ask him to loan you the 5K? 

Any advice, education recommendations, or ideas you all have learned from your RE experiences are greatly appreciated!

Regarding what you were talking about, with $40k and 150 mile radius you can get into several markets with the leverage of hard money.

Hi Eddie, I would be happy to provide you with some resources for your educational event(s).