New to REI looking to start with Wholesaling

Orlando, Florida
New Member Introductions
1yFollow

New to REI looking to start with Wholesaling

Karreta Thomas
Member since 2025 · 3 posts · 4 votes

Hi, my name is Karreta, located in Florida. I'm new to real estate investing and would like to start with Wholesaling with the aim of taking on fix and flip as well as short term rentals later. I've been watching videos and reading books but eager to get hands on experience now. Any suggestions on local networking/REIA groups are welcomed. Also any strategies on how to get started or set myself up for success would be a plus! Looking forward to learning and giving back as I grow.

4Reply
105 views

Most Popular Reply

Mackaylee BeachPro Member
Real Estate Agent · Kansas City, MO · Member since 2020 · 1k+ posts · 492 votes
1y

It's great to hear about your enthusiasm for real estate investing, Karreta! Starting with wholesaling is a smart move, as it allows you to learn the ropes and build your network without needing significant upfront capital. Here are a few tips to help you get started:

  1. Attend Networking Events: Keep an eye out for local real estate meetups or workshops. These events are great venues for meeting other investors, realtors, and professionals who can become part of your support network.
  2. Utilize Social Media: As you mentioned, joining local Facebook groups can be advantageous. Platforms like LinkedIn can also be helpful. Engage with posts, ask questions, and share your journey to connect with others in the field.
  3. Research and Due Diligence: Continue educating yourself through books, podcasts, and online resources. Focus on understanding market trends, property values, and negotiation tactics.
  4. Build a Team: Consider assembling a team of real estate experts, such as a mentor, real estate attorney, accountant, and contractors. Having reliable contacts will be crucial as you scale your business.
  5. Start Small: Begin with small deals to gain experience and confidence. This will help you learn the process without overwhelming risks.
  6. Stay Organized: Keep thorough records of your contacts, deals, and learnings. This will be beneficial as you grow your business.

Remember, the key to success in real estate investing is persistence and continuous learning. Best of luck on your journey, and don't hesitate to reach out to the community for support!

[email protected]
1Reply
See this reply in the discussion

7 Replies

Jump to latestLatest
  • Ashish AcharyaBusiness Member
    CPA, CFP®, PFS · FL · Member since 2017 · 5k+ posts · 3k+ votes
    1y

    Hi @Karreta Thomas! It’s great to connect with someone else in Florida! Welcome to the world of real estate investing. Starting with wholesaling and planning to move into fix-and-flips and short-term rentals later is a great way to get hands-on experience while learning the ropes.

    From a tax perspective, each strategy has its own considerations. Wholesaling is typically treated as ordinary income, so it’s taxed differently from rental income. Fix-and-flips are generally considered ordinary as well, which can have higher tax rates with self employment income.

    Short-term rentals may allow you to take advantage of depreciation to offset your other RE income. That’s why it’s important to think about your tax plan early, make sure your strategy aligns with your current income, and keep clean, organized books from day one.

    It is important to have a solid team, including a trusted lender, a good CPA, and a reliable real estate agent can make all the difference when you’re starting out. They shouldn’t just handle the transactions for you, they should also help guide and educate you through the process every step of the way.

    One of the reasons I love real estate is how tight-knit and supportive the community is. Helping others as you learn is one of the best ways to grow as an investor, and you never know what connections it might lead to. I’m glad to see you plan on giving back, too. It really makes the community stronger.

    [email protected]941-914-7779
    INVESTOR FRIENDLY CPA®5241 Reviews
    WebsiteView Page
    TaxMD® | AI-Powered Tax Planning
    WebsiteView Page
    0Reply
  • Mackaylee BeachPro Member
    Real Estate Agent · Kansas City, MO · Member since 2020 · 1k+ posts · 492 votes
    1y

    It's great to hear about your enthusiasm for real estate investing, Karreta! Starting with wholesaling is a smart move, as it allows you to learn the ropes and build your network without needing significant upfront capital. Here are a few tips to help you get started:

    1. Attend Networking Events: Keep an eye out for local real estate meetups or workshops. These events are great venues for meeting other investors, realtors, and professionals who can become part of your support network.
    2. Utilize Social Media: As you mentioned, joining local Facebook groups can be advantageous. Platforms like LinkedIn can also be helpful. Engage with posts, ask questions, and share your journey to connect with others in the field.
    3. Research and Due Diligence: Continue educating yourself through books, podcasts, and online resources. Focus on understanding market trends, property values, and negotiation tactics.
    4. Build a Team: Consider assembling a team of real estate experts, such as a mentor, real estate attorney, accountant, and contractors. Having reliable contacts will be crucial as you scale your business.
    5. Start Small: Begin with small deals to gain experience and confidence. This will help you learn the process without overwhelming risks.
    6. Stay Organized: Keep thorough records of your contacts, deals, and learnings. This will be beneficial as you grow your business.

    Remember, the key to success in real estate investing is persistence and continuous learning. Best of luck on your journey, and don't hesitate to reach out to the community for support!

    [email protected]
    1Reply
  • Karreta Thomas
    OP
    Member since 2025 · 3 posts · 4 votes
    1y

    Thank you @Ashish Acharya. That was insightful. I’ll keep that in mind as I work through setting up the proper channels and foundation of this new venture. 

    0Reply
  • Izaiah Barba
    Wholesaler · Portsmouth NH · Member since 2019 · 208 posts · 95 votes
    1y

    Hey Karreta, awesome you're looking to get started into wholesaling. I'm doing it full time and Orlando is one of my bigger markets. Feel free to shoot me a DM and we can connect!

    1Reply
  • Karreta Thomas
    OP
    Member since 2025 · 3 posts · 4 votes
    1y

    Thanks for sharing @Mackaylee Beach. Any suggestions on research tools that can be beneficial? 

    0Reply
  • Chris Grenzig
    Property Manager · Orlando, FL · Member since 2016 · 479 posts · 277 votes
    11mo
    Quote from @Karreta Thomas:

    Hi, my name is Karreta, located in Florida. I'm new to real estate investing and would like to start with Wholesaling with the aim of taking on fix and flip as well as short term rentals later. I've been watching videos and reading books but eager to get hands on experience now. Any suggestions on local networking/REIA groups are welcomed. Also any strategies on how to get started or set myself up for success would be a plus! Looking forward to learning and giving back as I grow.

     @Karreta Thomas Welcome to BP and real estate investing!We've bought 150 MF units in Jax and still own 51, also manage for owners in Orlando and Jacksonville.

    Haven't done too much flipping or wholesaling, but there's some good meetups you can look into and theres always flippers and wholesalers there.

    CFRI

    GOREIA

    Highest and Best - I usually see there events posted by Justin Stamper or David Pupo on IG or FB

    Tyler Gibson has his meetup that he posted about, My REI Local

    likemindedpro.com O-town real estate investors on meetup

    Get money network on Meetup

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free