New to Investing, wanting to focus on Wholesaling first

4 Replies

Hello, I'm Anthony.  I live in Dallas and I'm new to real estate investing.  My focus is on Wholesaling first and later I plan to build a rental portfolio and do fix & flips.  I'm looking to meet and network with experienced investors.  I teach 5th grade Math & Science, so I'm looking to supplement my income thru real estate.  Based on my research, wholesaling is a good way to break into real estate investing.  Any advice or direction would be greatly appreciated.

Thank you,

Anthony 

Anthony, welcome to the club. Read as much as you can. There is a lot of information here at BP. Also, there is plenty about wholesaling on youtube. Another good idea is to join your local REIA, good luck.

Dallas is a tough area and understands wholesaling isn't a easy deal. It's just as hard or harder than Flipping and buy and hold.

@Anthony Edwards What makes you say wholesaling is a good way to break into real estate investing? It is certainly a great learning experience, but to be a good wholesaler you need to develop a large range of skills, and be prepared to spend $3-5k per deal in marketing unless you have a lot of free time to spend on the cheaper marketing alternatives. 

@Roland Paicely , @Jonathan Damon , & @Andrew Herrig , thank you for taking time to respond to my post.  I fully understand that Wholesaling is not an "easy" venture.  I personally chose this avenue first to get my feet wet in the real estate field.  I will continue to invest time and energy in learning the business.

Roland, thanks for the advice! 

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