New to site - Houston RE

[Phillip Smith]

Hi All,

I'm new to Bigger Pockets and just started in real estate a few months ago. 

Picked up 2 homes and probably over-rehabbed them but got them up for rent now.

Has anyone out there over-rehabbed before? 

I was planning to acquire a 3rd home for rental cash flow as my initial plan was to try to replace my full time job income and then go into RE investing full time.

I did the rehabs which I thought initially were "make readys" thanks to trusting a real estate agent who indicated I could "just stick a sign out to rent it."

Anyway, now that I ate up most of the money in rehabs I was considering wholesaling to re-establish some Capital but then after studying I have been thinking that wholesaling may be a fun full time job. 

Any suggestions from Houston RE investors or others?

Thank you!

Phil

[Luke Moses]

Welcome to BP.  I don't think wholesaling has to be a fulltime job unless your going to quit your day job. I've been wholesaling for a little over a year and its a lot of hard work.  Everyone and their uncle wants to wholesale in this town and all the gurus say its easy $.  I'm a Realtor, wholesaler and a buy and hold investor and the only reason I haven't rushed back to my day job has been my cash reserves and rental income.  For me it has been a slow process... but then again everyone is different. 

Best of luck!