Starting out, what to do?

Question

My first attempt at purchasing and selling real estate is on the horizon. I plan to start with wholesaling as I lack experience and read that it's a good way to get started.

I would like to do the deal start to finish, but I've never done this before. I am very nervous and not sure where I stand exactly. My question is should I just got for it, find a great deal and sell the lead to an experienced wholesaler, or take no profit and volunteer my time to ride along and watch in exchange for the deal information?

Scott Long · Answer

Hey Linval,

Thanks for the links. I've been on BP for a few days now, so I've done all the setup things and been to those links. I saved the long threads and am reading them bit by bit.  I feel I'm really close to making my first attempt at REI, and figure I just have to go for it. Otherwise it's like taking drivers ed and never driving the car.

Linval T. · Answer

@Scott  Long

Welcome to the BP community. Ok, now that you have taken your initial step, below are some quick links to get engaged.

• http://www.biggerpockets.com/starthere
• http://www.biggerpockets.com/meet
• Setting up Keyword Alerts
• How to Use @Mentions on BiggerPockets

https://www.udemy.com/biggerpockets-real-estate-investing-course/  (video with 64 lectures and approx 6hrs of material)

https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI) REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/ However, you mentioned an interest in wholesaling and I added the link below with a guide that will help you understand the basics of this niche before inking your first deal.http://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/?utm_source=search&utm_medium=internal&utm_campaign=wholesaleguideeBookcommunity-bookREI books suggested by BPers http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?utm_source=search&utm_medium=internal&utm_campaign=books Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.

https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/

However, you mentioned an interest in wholesaling and I added the link below with a guide that will help you understand the basics of this niche before inking your first deal.

http://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/?utm_source=search&utm_medium=internal&utm_campaign=wholesaleguide

eBook

community-book

REI books suggested by BPers

http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?utm_source=search&utm_medium=internal&utm_campaign=books

Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.