Wholesaling to get my own properties

[Bernard H.]

This might be a silly question/idea. 

I would like to know can i wholesale a deal then use a hard money to buy it for my self to fix up and rent it out ,then of course refi out of the hard money loan. I thought if i can do that then i won't have to put a big down payment? 

[Barry Pekin]

@Bernard H.

The first step in the process of a wholesale deal is to find a good investment property and get it under contract.  Interestingly, this is the same first step for buying rental properties or fix-and-flip properties.

Once you get it under contract, you can decide what the best strategy is for it.  I know some people who cherry pick the best for themselves and wholesale the rest.  Interestingly, I know an odd sort of fellow who wholesales the best and then keeps the rest.  Whatever floats your investment boat.  :)