Hello from Taiwan! Newbie from West Chicago, Illinois.

[Rachel Geronimo]

Greetings! My name is Rachel. I currently reside in Taichung, Taiwan where I have been teaching English for a year. I'm just a traveler who has been living abroad for two years. I am originally from West Chicago, Illinois. I am relivatively new on BP, so I'm hoping to get a lot of advice for my real estate journey.

I want to get a clear understanding of what is best suited for my current situation. Here is my dilemma:

• Currently, I'm still trying to figure out my financial situation. I feel like it's best if I focused on refining my savings/spending strategy before taking on my real estate journey.

• I want to do real estate part time.

• Being a recent graduate added some weight to my finances. Not only do I not have capital, but I am in debt.

• I live abroad and plan on living abroad for the next ten years.

• I was thinking of wholesaling to build up a small amount of capital then continue forward with buy and holds on multifamily duplexes or quads. All in all, I know that I want to do both, but I'm not sure which route is the best for my current situation.

With this being I'm hoping you're able to help me answer the following:

• What advice would you give to someone who wants to do real estate part time, but doesn't have capital and is in debt?

• With my current situation, is it best if I start out with wholesaling? Or go straight to buy and holds?

• If I were to do buy and holds, I would want to use hard money to help me financially. What's your opinion?

• What is your advice on being a traveler while investing in real estate? I know it's possible, but is it harder? 

Thank you so much for your help! 

[Mark Ainley]

@Rachel Geronimo you have lots of questions but one jumped out at me. Wholesaling is tough to do part time in my opinion or it at least is much tougher to gain traction. 

No capital, borrow it from friends and family. Even with wholesaling, to do it right you need some money up front to put into your operation for start up costs.