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Updated over 9 years ago on . Most recent reply

User Stats

395
Posts
76
Votes
Jp Kilduff
  • Wholesaler
  • Brevard Co. Florida
76
Votes |
395
Posts

So many options!

Jp Kilduff
  • Wholesaler
  • Brevard Co. Florida
Posted

Hello from Cape May, NJ

I am strugling to find what niche would suit me. I am initially considering wholesaling as my vehicle because that's what I was pitched at a Fortune Builders seminar a couple weeks ago. I just recently found Bigger Pockets and have been reading and listing to podcasts and it seems as if it may be more involved than I thought. By no means am I scared of being in over my head (I actually perform very well with my back to the wall) I just want t sure that my first steps in REI are the right steps. I will probably be moving out of the area within the next 2 years once Uncle Sam tells me to so I'm not sure how invested I should get.

My neighbor is a contractor that does rehabs on residential and commercial properties so I think I have a contact there. I've read about all the ways that you can invest in buy and flips without any out of pocket expenses so I would almost consider doing this before I even tried wholesaling.

You know the biggest problem with REI is that there is SO MANY vehicles and exit strategies and I'm not sure which one would be right for me yet. I'm sitting on a 30K self directed IRA that I would love to put up as hard money since I don't think it is enough to fund an entire deal.

I'm a kid in a candy store waiting to fill up my basket!

John Paul

  • Jp Kilduff
  • Loading replies...