Keep us informed of your progress.

You already have some experience, now you simply have to work on the other elements to progress your REI pursuit.Ok, now that you have taken your initial step, below are some quick links to get engaged. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/ubghttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPockets25 Tips for Real Estate SuccessHowever, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

Any interest compounds over the life of the reverse mortgage until repayment occurs.As the loan progresses, your debt increases while your home equity decreases.

Steady paycheck + flexibility + commissions = goals achieved (a little faster).Cheers to your success!

Slow and steady wins the race.

Another option would be to see if the seller would be willing to carry the financing, allowing you to purchase the property and provide them with steady monthly income instead of one lump sum of cash (on which they would pay heavy taxes).There are also other options you can find in Brandon Turner's book Investing in Real Estate with No and Low Money Down.

I prefer the slow and steady get rich, as compared to trying to win a lottery every month, but again some folks can do it. 

Can't wait to see progress.

Now, you simply have to work on the other elements to progress your REI pursuit.Ok, now that you have taken your initial step to join the BP community, below are some quick links to get engaged. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/ubghttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPockets25 Tips for Real Estate SuccessHowever, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

While rising at a more slower steady pace.