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Updated about 7 years ago on 09/16/2018. Most recent reply

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Elvis ChukwuPoster

Charlotte, NC

Starting Out

Is wholesaling the best way to start investing in Real Estate?

Elvis ChukwuPoster

Charlotte, NC

Posted September 11, 2018 09:08

I’m looking to start investing in real estate, I would lIke to hear what advice you have for starters?

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JD Martin

Rock Star Extraordinaire
Northeast, TN

JD Martin

Rock Star Extraordinaire
Northeast, TN

ModeratorReplied September 11, 2018 10:11

Work like hell. Save all your money. Minimize all your expenses. Buy a duplex/triplex with an FHA, live in the dump and rent out the nice parts. Stay there for one year. Refi out of FHA. Repeat.

To answer your question: not in my opinion. Wholesalers without a good process and good book of contacts are just about worthless to investors. And wholesaling is a job, it is not investing.