Former Real Estate Agent from Mobile, AL looking to learn

[Account Closed]

Hey Guys,

My name is Mary Ross Radcliff. I am 33 years old and live in Mobile, AL. I sold real estate for about 3.5 years out of college then left real estate to take a pharmaceutical sales position. I still have my real estate license but it is currently in inactive status; however, my husband is an active real estate broker. I love my job but am interested in creating passive income for my family and what better way then real estate, right? I have 1 rental property and just invested in a piece of land but am interested in learning more about buy and hold real estate, flipping and different financial investment strategies(i.e.: getting the money). I look forward to learning from all of you:) ~Mary Ross

[Neil Schoepp]

Hey @Account Closed welcome aboard! 

I would do individual searchs for each topic your interested in.

Some may be:

BRRR strategy

Fix and flip

Multifamily

Putting teams together (property management, contractors, attorneys etc.) , which should be done BEFORE you purchase. 

In the financing arena you have 

Seller financing

No money down 

Personal loans

portfolio lending

1031 exchange 

203k 

I started out thinking I would just buy a few Single Family Homes (SFH) and rent them out. Then I found out about multifamily and how if it is 5 or more units then you the owner can force the value up by making the property produce more income (ie. Raise rents, add a laundry center, charge for parking spaces, late react fees, etc.) or cut expenses by separately metering all the units, applying to the town to lower the taxes things like that. So now I am looking into buying multi family because I feel I have more control over its value.

As you read more about what's available you will hone in on what best suits you and then you can have laser focus on that strategy.

Hope this gave you some food for thought, I look forward to seeing you around the forums.