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.
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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.
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