Newbie from Philadelphia

[Kareema Abdussalaam]

Hi everyone! My name is Kareema and I live in Philadelphia. I am 33 years old and I’m about to embark into this real estate adventure. I am super nervous and I haven’t done any deals or even created my business yet. I’ve been doing a lot of research first. I want to start in wholesaling first because i feel its the easiest to start with for me. I have a plan to start my marketing and obtain my business license and EIN number. I’m currently cleaning my credit up so i can also build business credit to rely on as I am investing as well. Any pointers or help you can give me for first steps is very appreciated! Thank you and i am excited to be in this group!

[Aaron K.]

@Kareema Abdussalaam that is the basic structure of a wholesaler, yes; but it is much easier said than done.  To find someone willing to sell you will likely have to spend hundreds or thousands of dollars on marketing depending on the area you are focusing on.  Once you have found someone willing to sell you have to find someone willing to sell at a price that allows you to include your fee and allows an investor to make more money than they would on a property from the open market.  It can be done but in my opinion wholesaling is certainly not the easiest way to get started.