BiggerPockets

My wife and I are beginner real estate investors. After several years of getting our financial house in order - paying off our home mortgage, paying off consumer debt, saving money - and a whole bunch of reading about REI on the internet, we took the plunge and bought our first two properties this year, which we are holding as rentals.

Our focus now is to continue learning, and save money in preparation for #3 - we are tentatively gunning for summer-fall 2011 for that. All things being equal, #3 will be a rehab and flip project, though we will evaluate at the time to see what makes the most sense.

Our plan is to build a two pronged attack - gradually adding rentals to build up passive income, with the rehab/flips providing shorter term cash injections to grow the business faster.

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