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Michael Grant
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Trying to figure out how to get started.

Michael Grant
Posted

I am a Realtor in Greenville, SC and now is the time for me to start investing in real estate. I am trying to figure out the best way to enter into investing . I  have some money saved up, but probably can't get a loan due to my debt to income ratio. So what kind of investing should I start doing first.

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Phillip Vera
  • Rental Property Investor
  • Augusta, GA
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Phillip Vera
  • Rental Property Investor
  • Augusta, GA
Replied

@Michael Grant what are your thoughts on wholesaling?  I've known some wholesalers make six figures in their first year.  They did invest in the right training, but with limited capital, or high debt, you could turn a few deals and either pay down some debt or buy cash.  Also, as a wholesaler, you'll be able to pick up some good properties because you'll have first look and what you don't want you can always sell.  

Most wholesalers I know strictly wholesale.  I never understood why they didn't hang onto a few properties, but I guess they are sticking to what they are best at.

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