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Updated over 6 years ago on . Most recent reply

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3
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2
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Andrea Penn
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3
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Most Popular Reply

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103
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Nathan Roberts
  • Real Estate Agent
  • Kansas City, MO
87
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103
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Nathan Roberts
  • Real Estate Agent
  • Kansas City, MO
Replied

Hi @Andrea Penn,

The biggest thing you need to do as a new investor is connect to local professionals and learn as much as you can about your community. Wholesaling is definitely the easiest way to get into real estate investing but too many wholesalers are either overpricing ARV's or underpricing rehabilitation. Learn from wholesalers who are successful so you know what you should and should not do. I connect with wholesalers all the time but many of them are just looking to make quick cash, skipping over the incentive of providing cash buyers with quality leads. Competent investors want to purchase properties under market value. Make sure your assignable contracts are great deals, not just something you are looking to get rid of to make a quick buck. Read books on calculating rehabs and estimating the value of a property. I wish you the best!

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