I’m eager to meet other investors to learn this business. I will take any advice on how to start. The pros and cons the do’s and don’t. I have been studying real estate and investing and I’m seeking passive income and financial freedom.
Step 1: would be get your finances in order.
Step 2: get involved in the real estate investing community
Step 3: learn as much as you can from those around you, podcasts, books
Step 4: start perusing Craigslist/social media for “we buy houses” ads and collecting their information for a possible buyer list.
Step 5: drive for deals, mail marketing, cold calling
Step 6: once you find a motivated buyer work the numbers and if you can’t make it work for yourself, start calling those numbers on your buyer list and give yourself a little wholesale fee if you’re able to.
Over time you’ll make money and have a network of people you’ve worked with before and your systems will take off.
This is not “the easy way out”. There is a TON of work to do and even more to learn. I suggest finding a mentor and working with them to keep you on track. We all get distracted starting off and it’s a lot better to focus on one thing at a time instead of all of it at once.
@Etta Moore wholesaling is not passive. The real 1st step is to check state laws and make sure you're golden. Idaho hobbles wholesaling as much as they can, make sure your state isn't that way. Imo