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Brooke McDuffie
  • Snellville, GA
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New to investing in Atlanta! Rehabs vs Wholesale deals?

Brooke McDuffie
  • Snellville, GA
Posted Feb 18 2013, 08:31

Hi everyone,

I am new to real estate investing. I am trying to decide whether I should get into wholesale deals or if I should rehab for profit. If I go the fix and flip route then I will have to use hard money. With the wholesale deals, I plan to target motivated sellers and do my own birddogging to locate properties to make offers on and wholesale to other investors. I am still in the learning process, but I want to pick one area of investing and master it before moving on to another area of investing.

My situation is that I do not have a lot of liquid cash available and my credit is not great right now (working on it), which is why I would have to consider hard money for any fix and flips. I know that wholesaling would be good because there are techniques that I can use that do not require good credit or a lot of cash. I do have some money saved for marketing, earnest money, etc...

Any advice from investors in Atlanta would be great! Thanks in advance!

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