I am a new investor in New Jersey. Need advice on how to invest in Wholesale, fix and flip.
Hi @Kaamran Zia welcome to Bigger Pockets. You can do this! Why not start small and buy some rural vacant land, for say $500, sell for $1500 and keep growing your acquisition balance to where you are comfortable enough to make some other decisions? And while you are doing that you can sell a few of the nicer properties with owner financing and sit back and collect $199/mo per property for doing nothing. Totally not crazy. A ton of us are doing it. Great way to get rolling in real estate and since you are paying cash for everything you don't have to worry about credit - AND - you will sleep great at night because everything is paid for. I'm here to help if you need it!
I would get started by joining the meetups at www.sjreia.org. Some people there may have flips and they do walk through. Give a better perspective of the flip side. Some times they go thru cost of certain fixes which helps to avoid overpaying.
Welcome to BP! I am a broker and Investor in Burlington County. BP is an amazing resource and you can learn just everything you could ever want to know on here.
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