Updated over 14 years ago on . Most recent reply
Hi from Asheville, NC
Hi,
I've been enjoying this site for months now and finally signed up. I love real estate- it's not like learning, it's like breathing! I have been involved in real estate casually for several years, always as a side thing as related to our family goals at the time. Now that my kids are older, I want to be professional about it, have fun(meet challenges), and use it as a way to achieve financial independence.
I'm hoping to figure out a realistic, repeatable method and then set up the best structure to get it done. There are so many ways to make money! I think the wisdom and practicality at biggerpockets will help me define the best way to go forward- not to mention the questions and details that come up when executing the plan. Right now my goal is to have 2mil liquid or 100k yr pretax in today's money. I want to get to this in 10-15 yrs.
I've rehabbed a few older houses (newest was built 1915) , owned a duplex, sfr, done a 1031 straight swap, made and sold a small subdivision, and sold almost all my properties myself (for better or worse)... I've gotten good deals, made mistakes and been screwed over a few times too. But mostly made money and learned a bunch. So anyway- I hope I can contribute a bit to the forums as well.
Right now I'm leaning toward rehabbing and then moving into hard money lending, but what the heck do I know? I haven't thought of myself as being "in the business" until now. My new motto is "this time-it's not personal"! Ha. What cold hard numbers will most quickly get me to my goals? I got tickets to the conference because I'm betting that we will get out more than the $1500 we will spend on it!
Thanks!