How Big Are Your Pockets?
Mine aren't that big and I'm still trying to repair my credit, but I have my real estate license, some experience with construction and a small amount of cash saved so I'm looking to break into the investment world. Sometimes I wonder if I should be patient, save a little more and work on my credit, or do something now because there is no better time and get creative! I want to turn distressed properties into cash flowing property and do some flips to build some capital but I'm not sure I'm at a point in my career where I can afford to get started. I work a full time job making custom cabinetry to make ends meet and do real estate sales after hours and on the weekends for a nice bonus here and there but I want to take it to the next level sooner than later.
I want to get to a point where I can afford to loose the job and just focus on creating cash flow through real estate investing.
But the question is this: save and repair, or act and get creative? What type of approach would you take? Thanks in advance to those who offer their wisdom!