Looking for a bit of advice from the veterans here.
In about a week and a half, we will be moving from the Plymouth, Massachusetts area to the Dothan Alabama area to start a new life in real estate investing. Both my wife and I have some real estate background, but this is the first that we are actively pursuing real estate investing with a passion and determination.
We are heading to Alabama to help my wife's daughter and future son-in-law with final preparations for their wedding in late June. We will have approximately 300K in pocket. We are wanting to help and stay awhile, but not wanting to permanently relocate to the lower Alabama area. We're looking to do that in the northern Georgia area in the near future.
We are in our second week of Dean's real estate success Academy, and while we are learning in leaps and bounds, I have seen that the posts in these forums have been filled with wisdom, great advice and a desire to help others not fall into easily avoidable mistakes. We are asking for a little bit of advice here from the rest of you.
Our preliminary plans all are, move to the Dothan area, purchase one or two small properties, buy fix and sell, or, rent to own or lease option. We are planning on living in the property while doing renovations. Keeping in mind that we're looking at moving on to the northern Georgia area, within six months or so, to do it all again... other than the wedding part. We're hoping that's just once and for all (LOL).
Just looking for some feedback, best strategy to use, anything you can offer.
Rob and Kathy