First Time Investor - Start with a Flip?
I am fairly new to BP and am very new to the world of real estate investing. I live in Charlotte, NC where I would like to begin my investing and my path towards financial freedom. A few quick details:
-I work a salaried job Mon-Fri typically 7am - 5pm.
-I have a wife and 5 1/2 month old son.
With that being said, I have been struggling to get started. On the flip side, I would like to point out a few positives :
-I have a chunk of money set aside I feel comfortable with investing on my first property ($60-80k).
-I am a very driven individual and am very sold on the idea of utilizing real estate investing to obtain financial freedom.
-I am very open minded and welcome all suggestions.
I have a friend who is a realtor in the Charlotte and outlying market. He is also interested in investing in flips (for him to gain a cash pool) and then looking into rentals down the road. We have talked about a LLC, but have not acted on it yet.
Any advice as to where to start would be greatly appreciated. I’m not asking for a hand out or a specific property I should buy, just a push in the right direction would be awesome!
Thank you for your time!
Daniel C.