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Posted over 14 years ago

Where am I going

I make a good living but don't live the good life.  Work, work, work, and then come home and work somemore.  I am reading books about how to become successful in this real estate endevour, but where do I go from here.  Time is a big hurdle, I am a father of three, but I want to get going so I can have more time with them. 

I have contacted a mortgage broker and will be meeting with her soon to discuss what we need to have together in order to invest.  I currently am paying and living in a 3/2/1 in an excellent rental neighborhood, and hope to keep it to rent it out.  Has anyone started out like this before?  I would like to rent it, get some cash flow and live in the next potential rental.  My wife is on board but I don't know how lenders look at this.

My goal is to get enough of the hold/flip when the market is prime proerties to do this as a full time gig.  I want to be a business owner, not self employeed.  I am motivated, I'm looking everywhere I can to get the education, and I'm good with money.  Does anyone have some good next step advice?

So where am I going?  To a place that puts me in control of my money and investments, and will allow me to live the good life.


Comments (2)

  1. Thanks Nick. I am interested in the Lifestyles Unlimited group and the RICH club here in Houston. Any ideas on how to make certain the people who are mentoring me are successful investors? I can't just ask to see their balance sheet. I don't want to re-invent the wheel just re-create it. I know people have been successful doing this but it is difficult to tell the real ones from the fakers.


  2. Steven, interact within the forums. Decide what strategy you want to do and search the forums for answers to your questions. You'll learn more than you can imagine. Then I would seriously consider joining a local real estate investing club/association and interact there as well. Become friends with other local and successful investors. You'll learn as much as you can absorb. Don't forget to take action, you can read books till you're blue in the face but without applying what you're learning it doesn't make jack to your bank account.