So I’m just getting started in real estate investing. I don’t have money to buy and flip yet. My plan is to sell contracts to cash buyers and make money that way, till i save up enough to buy my first property to rent out. I have good credit 750. I’m 24 years old and doing this alone for now. Any suggestions or tips on my idea. I live in Atlanta and it’s growing fast. Someone told me go to the court house and get a list of foreclosed homes and go from there. Is it worth it ? Or should I keep driving for dollars.
If you are planning to wholesale then I would recommend driving for dollars. The foreclosure lists that you will find at the courthouse have already been purchased and these people are inundated with postcards, yellow letters, etc.
What is your current living situation? I think the absolute best way to get into real estate investing is through "house hacking" and specifically finding a house that needs updating that qualifies for a low interest loan or look for a seller financing opportunity, move in, maybe get a couple of roommates fix the place up and in two years you can sell the house and take up to $250,000 in profits tax free and buy your next place or you can keep it for a rental.
welcome to Bigger Pockets.
I suggest that you join one of the local real estate investors associations to network and learn from other investors.
Check out the Georgia Real Estate Investors Association. They have many monthly educational meetings.
Good luck on your real estate journey.