Real estate investing guidance
Okay so I’m in need of some help with some guidance. So long story short I know that at some point I want to invest in real estate. I like construction, I’m currently a framing carpenter so fix-and-flips attract my attention although I do want to have rentals also. My problem being income. I make $2000 a month and doesn’t leave me much to put towards my goal. I have a separate goal of becoming a home builder one day but I wanted to know. If I want to achieve my end goal of investing in real estate, would it be better for me to just get a better paying job? The only reason that I’ve stuck with this relatively low paying job for so long is the experience so that when I decide to apply to become a home builder, I can show I have residential construction experience. I also do side work with my own business, mostly home repairs, light remodels, things of that nature. I was just wondering if it would be better for me to get a better paying job or stick it out and shoot to become a home builder and then invest? I’ve talked to several people and they all say “just follow what you think is best” and I appreciate the help but it doesn’t really work with something as specific as this. I’ve also looked into wholesaling so that I may gain capital to take on a rehab. Well, any help will be appreciated, thanks so much
Most Popular Reply
Hey @Bryan Morales I think a higher paying job is a good option, but I really think you have the skills to execute a BRRRR strategy. If you don't know what that is, checkout the book about BRRRR here on Biggerpockets.
You'll just need to figure out how to attain private capital to help you get started on it.