What would you do in my position?

Question

Hi everyone - sorry for the long post. I would like to ask you experienced investors what you would do in my position to get started in real estate to where I could eventually leave my corporate job and do my own thing while being “comfortable”

My background - I am 33 and married with an 8 month old daughter. Very blessed to have a finance background working in healthcare making $110k a year. I grew up working for my father who was a contractor who did gutters, siding, windows etc. I also am handy around the house and made over 50k on buying and fixing up my first house. So while no construction expert, I am versed in the trade.

my wife and I are currently building a custom home that will be done in a few months that we are putting 150k down for. I absolutely love the entire process of home building. I constantly tell my wife that I feel like I missed my calling in life.

my ultimate goal is to get into building spec homes and eventually custom homes. I also think I would enjoy flipping homes as well.

I would love to be able to call it quits on my corporate career in the next 10 years and just exploring the best ways I could get there by asking you all.

so what would you all do if you were me, knowing what you know now

Cody Lewis · Answer

If you have the "bug" explore it! Jump into all the podcast, books, forums, local events, etc. you can do. Meeting others in the community, especially locally, will give some real world examples of the ups/downs they go through. Maybe look at doing some flipping first to get your feet wet. I had a friend work part time for a carpenter for a few years while maintaining his corporate job. He ultimately left and started his own business after he felt it was the right move. Everyone is different. Everyone's situation is different. Learn as much as you can then make a move either way. Whatever that move is, go head first!