Im jumping in with both feet - Chicago Suburb Newbie

3 Replies

I know i'm crazy but I am determined. I am willing to do what it takes to be successful and I hope to establish great connections and partnerships through this forum as well as help to empower and inspire others as well.  So I want to become educated but at the same time I don't want to wait and wait and wait and do nothing. I believe that as part of my RE education I need to experience and learn each area of real estate and I would like to learn more about wholesaling. I am going through the articles on BP, but I am a very step by step person. So my question is, what do I do first? What is my first step? Do I keep reading about wholesaling until I can't read no more? Do I start looking for properties and if so what steps do you recommend? Once someone calls me, what do I say? 

So I am reaching out for help. 

Thank you!

Sylvia

(removed email address)

@Sylvia Pomazak  

Welcome. Fill in 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 100 past ones to catch up on.

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 rehabbers (cash buyers).

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul

@Sylvia Pomazak  Congratulations on your big goals. Now, I will say you need a plan: how to find a deal, how to finance the deal and how to profit from the deal!

Are you looking for cash flow, for cash from flips, no matter the goal, focus to learn first how to get the deal done from start to finish!

Hope that helps!

Lumi Ispas, Real Estate Agent in IL (#475.113981)
773-392-2906

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