Newby from Indiana

8 Replies

I've always been drawn to real estate investing (mainly fix & flip) and have decided that now is the time to put dreams into action. I just recently stumbled upon wholesaling!! I'm trying to educate myself as much as possible. I have limited funds to get started and feel that wholesaling would be the best place for me to start. I'd like to later fix and flip as I have knowledge in remodel and design. I'd also like to invest in rental properties. Any information in any of these topics would be greatly appreciated!!!

-Realcamogirl

@Rebekah Inabnitt - I've had some success in your area [Martinsville & Mooresvile] flipping and wholesaling.

I think you'll have to look at the Indy market in order to have enough opportunity to find enough inventory to buy/sell.

Wholesale is tough to get started in.  I'd recommend, if you can, to buy a small project yourself and rehab it.  This will give you first hand knowledge of the rehab process and the numbers.  This is the weakest area for most wholesalers and is what usually keeps them from selling their deal barbecue they underestimated the rehab and then got it under contract for too high of a price.

There are many posts here on BP about the subject.

Feel free to run any properties that you are looking at by me for some input.

Of course, I'll be glad to buy them all - if they're priced right!

- it's always good to see another Hoosier utilizing this great site!

Of course, you need to read The Ultimate Beginners Guide to REI here on BP

If you haven’t already, please read/listen to these books ASAP!

Flip2freedom episode 77http://www.flip2freedom.com/a-3-step-formula-to-a-... - LISTEN TO THIS TODAY!

Rich Dad Poor Dad

Rich Dads Cash Flow Quadrant

Rich Dads Increase your financial IQ

The Real Book of Real Estate

The ABC’s of RE Investing

The ABC’s of PM

Rich Dad RE Tax Advantages

The 10X Rule

The E-Myth

The 4 Hour Work Week

BiggerPocketsPodCast -I hear #136 is exceptional!

Wholesaling101 You Tube Channel

Kent Clothier – You Tube Memphs Invest channel

Thank you Shawn! I know that Martinsville and Mooresville won't turn much profit. I am however looking into other locations including Indy, Bloomington, and Plainfield. Education is key and I am trying to take in as much information as I can. 

Thank you again and I will be diving into the ebook and other resources available here on BP.

Good luck Rebekah.

As a resident of Plainfield, I've been keeping a close eye on Hendricks county.  Hendricks county is pretty stagnant right now.  I believe the December data said that Hendricks county existing home sales was down over 20% year over year.

I'm just starting out too and I'm looking in to the Beech Grove and Greenwood areas.  They look like they've got good potential.

Welcome to BP. There is a wealth of information hear.  It's the best place to gain knowledge and network. 

I am looking for fix and flips in the Bloomington area. If your wholesaling business brings you down south let me know.  Maybe we can do business. 

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