He followed a simple formula: save money, buy in an area you know, like, and trust, then rinse and repeat while learning along the way.

Hello, I am a new investor and I am looking to use a hard money loan to purchase my first rehab property.

You could very will spend that $50,000 and in the end just have some notes and notebooks and nothing to show for the money?

Currently, I'm earning a living by driving part-time to pay the bills, but real estate is the profession I'm truly passionate about.

If I were in your position, I would keep things as simple as possible and focus on building equity to save money for my next property.

This becomes especially critical in the current environment where you can earn 5% on your money easily and aren't tying up cash until the project is completed.2.

I'm thinking of using that same money to potentially buy a rental property that could yield more and appreciate in value over the years.

I've been looking for hard money lenders and agents to work with, so if you have recommendations to look into, let me know. 

How do you intend to make money once you quit your W2? 

Funny thing is that the agent saw how much I liked it and tried to buy it herself but then last minute her money fell through so she came back to me and I had 2 weeks to buy it before probate got involved.