All Forum Posts by: Shawn Wilson

We have a $15k HELOC on the old home right now. None of it is being used. Not sure if we could increase the available balance since we're already in our new home.

I reread my introduction and feel the need to clarify...I don't plan on quitting my tech job. I want to invest in real estate (buy and hold/rent or maybe attempt a flip) but I plan to keep working full time. I have a great schedule where I get out very early in the day and have a lot of flexibilty. I would like to focus on rentals and would love to get to five homes to start with. I feel like there might be possibilities for some occasional flips that would help build cash reserves. I have a good amount of equity in the home we will be renting out ($100k) and some cash on hand for any repairs as well as some that we are saving for another down payment for a future rental.

I'm a newbie here that has been interested in investing in real estate for MANY years. I live in the Austin area (Round Rock) and am 43 years old and recently purchased a new home and will be leasing our home out ASAP (as soon as some work on it is done). I've got the bug and want to keep moving forward with more investments. I had a real estate sales license many years ago but my license has long been inactive. I've worked in the tech sector for my entire life and wanted to do real estate "on the side" and found out quickly you can't be a quality agent while doing it on the side. My only interest going forward is investing, not being a sales person. I look forward to learning a lot and meeting people on here.