Probably not going to Wholesale. Rehab instead!

[Darrick P.]

Fresh from my FB seminar (Sunday March 3rd), my wife and I are excited and doing tons of research on which fork to travel down at the REI split. Initially; wholesaling seemed attractive but because it's the least expensive path to travel I have a feeling that the road is heavily congested.

We're patiently awaiting our first local REI Group meeting. I talked to my wife today and expressed my thoughts and asked her how she feels about doing rehabs instead. We've got close to 6 figures stashed (liquid) and in some markets that's enough to not need to raise additional capital for an entire deal.

It is my intention to JV with another, more seasoned investor for a couple/few deals. Has anyone taken this approach, the approach to finance their first deal alone?

[Manuel A.]

If there is one thing my inexperienced self can tell you, it's:

Don't spend any (if you haven't already, which I think you may have) money on seminars, guru's, classes, secrets, clubs, and "super secret, guaranteed to make you $10 million dollars in 5 years" courses.

BP has everything you need! :D

-Manuel