If you were me

[Bill Mauldin]

I purchased my first rental 2yrs ago while in college. Paid it off, graduated, and now I'm exploring ways of slowly turing full time RE Investing. I am interested in mainly rental property with a flip or two every year.

I currently maintain properties for a living and I do enjoy real estate but I would love to work full time for myself.

If you were in my situation: appraisal of rental prop. $60,000 and cash available $28,000 which steps to investing would you take?

I've considered trying to open a LOC through my bank and buying several properties then one-by-one setting them up on permenant financing.

Can anyone offer any guidance to my situation, I know rental property definately isn't a get rich quick scheme but it seems like an everlasting investment as long as things are maintained.

[J Scott]

Bill -

One option to consider is to flip houses more continuously (i.e., more than 1-2 a year), and then use the profits from the flips to purchase rentals.

This allows you to continually generate profits that can be rolled into passive income investments.

Just a thought...