All Forum Posts by: Jeremy Robinson

So I posted an intro a while ago, and think I have a plan, but having a rocky start. I'm out of the military in a couple of months, and got an intent to lend letter for around 160k. Lokking in 78745, find a lot in my range, but as soon as they list, they go PB or AC almost the same day. I'm not trying to get in bidding wars, so I started looking in other areas that "should" grow.

The house I get, i'm hoping for a slow flip, like 3-5 years. Getting two other roomates to help seeing as how my military check will be stopping in September. Now my end goal; I want to put my fingers in everything I can. I intend to get my RE lic, and appraisers lic. Also want to build a credit line to get cash-flow props seeing as how rent has gone insane over the past 2 years here. I just moved out of the Domain, when I moved in to my 1 bdr, $918 a mo, moving out it now goes for $1230. Might start with wholesaling, just not sure on it. Thinking about also trying to start up a staging company, but not sure how that market stands in austin, still need to research. I also want to try my hand at short-term flips, but need to build cash and investors.

I know I have a lot to learn, also I might be a tad over ambitious, but I want to make a career of this. My question might have got a little convoluted in my ramblings, but I was seeking advice on area, and finding the right first investment/residence. Thanks!

Thank you all for the warm welcome, I think I am going to try and build an investment portfolio starting with wholesaling. Still a little confused about the double close, but learning loads.

So I am brand new to this, and am just starting to understand a lot of the jargon. I have been reserching, well more watching, the market in Austin for over a year now and really want to start making money through my own makings rather than my military pay. Plus I am out of the service in a year and want to get things moving before I have to go job searching again.

I have been contemplating using my retirement fund (roughly $25,000) to break into the market, but it seems like every potential project I see is already under contract the moment it is posted. My credit it mid 600s, so not good, and I have very little experience. My ultimate goal is to have some duplexs and 4-plexs bringing in some mothly income, while finding flippable houses and doing the majority of the labor myself for maximum profit. At this point I kind of feal scatter-brained, and not real sure in which direction I need to go in order to start as you can probably already tell by reading this. I have watched many hours of how-to videos (where on person told me to never invest with my own money) and read a lot of the forum posts and articles on this, and numerous other sites yet still feel I need more direction. Local face to face "hotel lobby" seminars are things I try to avoid because I want to start something, not help someone else profit. Any direction or advice would be Awesome! Thank you.