My name is Gary Shaw and after several false starts, I'm trying again. I'm looking to start wholesaling in my area and to network and learn.
Welcome. Time to build the foundation below.
Check out the Start Here page http://www.biggerpockets.com/starthere
Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.
Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 70 past ones to catch up on.
Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook
Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.
Couple good reads
- 9 Reasons You Couldn't Find A Buyer For Your Wholesale Deal
- Don't Start Wholesaling Until You Read This: Wholesale Advice from a Fix and Flipper
- How to Start Wholesaling: Getting Past The Education and Into the Field
You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.
Thanks for the great info Paul. I'll get right on it.
I'm still absorbing the info you suggested and I gotta tell you, it's really helping me get focused.
Based on what I've learned so far, I considering changing my focus from wholesaling to buy and hold. What's your recommendation?
There are lots of threads and podcasts delineating the two strategies. They serve two separate purposes but can be done hand in hand (listen to Aaron Mazrillo's podcast #37).
If you can produce revenue then buy and hold seems like a great way to invest and retire or semi retire. (Will Barnard posted about semi passive income this morning on a thread that addresses your question).
Wholesaling is a way to generate that revenue. A difficult way, as you know.
Thanks, I'll check it out.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing