Flipping South FL market with 20k savings
Hey everyone!
First post and excited to learn and grow with the community!
I live in the greater Ft. Lauderdale area of south Florida. Right now the market is booming. House prices are high. I have a steady income of about $2000 a month after paying all bills, rent and covering food expenses, while be frugal. I have 20k cash in savings and another 10k in stock options I can sell in order to fund a flip, or rental investment. I understand that steady active income (from a job) is better than passive income, but I want to quit my job YESTERDAY. I have no passion or drive to continue working for a corporate entity. I plan on saving as much as I can until the end of the year, may be able to save an additional 6k or so. But I don't want to start next year continuing to work where I am. I want to jump in with both feet and give 110% into real estate investing. What options do I have in my market? To generate some more cash on hand, I think it would be best to flip 2-3 properties, then start investing in BRRRR. Anyone have any advice, or suggestions for me and what my options are? We also need more meet up and networking options for my area. Let's talk!!