I’m interested in becoming an investor.

7 Replies

Good morning,

Im new to the game of investing in general. Ive been researching some and i wanted to get into wholesale and eventually fix and flipping houses in my area but have no clue where to start. Is there any one in the Central Louisiana area maybe willing to talk with me and/or show me the ropes on some things?

Hi @Tyler Wilkinson . I am both an investor and managing partner of a local real estate brokerage in New Orleans. I've been in the REI game for about 10 years and licensed for about 7 years. Welcome to BP! You've come to the right place to learn anything and everything about real estate investing.

Be sure to check out the "education" tab at the top. Lots of great resources there. A good place to start is with the free guides, such as "The Ultimate Beginner's Guide To Real Estate Investing". The bookstore has some great books and the podcast is full of valuable information.

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Search MeetUp.com for local meetups. You will find The RING: Baton Rouge REIA here: https://www.meetup.com/the-ring/

 Check out the local New Orleans chapter of the National Association of Real Estate Investors here: https://www.neworleansreia.com/

Here is an ongoing discussion thread on wholesaling that has anything and everything you'd like to know about wholesaling: The Truth about Wholesaling! (It has been going on for 8 years and has over 800 replies, so just about anything and everything is in there somewhere!)

To begin with wholesaling, you will need to first determine which type of seller you want to focus on and then decide which way you will attract those sellers. You will need to do some form of marketing and that usually depends on your individual situation. Do you have the time to do the legwork yourself, or do you have the money to pay someone else to do it?

There are two ways to go about marketing/advertising your business...

You can go a mile wide and an inch deep, which would be marketing large scale such as blanketing an entire neighborhood with direct mail, door hangers, etc. This can get very expensive, very quickly.

Or you can go a mile deep and an inch wide. This would be very targeted niche marketing focusing on one or two particular niches. This is typically the best route to go for small companies with limited marketing budgets.

Check out these posts on BP:

The Ultimate Beginner’s Guide to Real Estate Wholesaling

The Definitive Guide to Real Estate Wholesaling

A 60-Day Action Guide to Wholesaling Your First Property

The Newbie’s Guide to Wholesaling in 7 Simple Steps

The 8 Most Common Lies Newbies Believe About Wholesaling

Real Estate Wholesaling

Introduction to Real Estate Wholesaling | BiggerPockets Podcast #91

5 Costly Pitfalls That Catch Wholesaling Newbies Off Guard

Wholesaling Calculator

Check out these books:

If You Can't Wholesale After This: I've Got Nothing For You

The Real Estate Wholesaling Bible: The Fastest, Easiest Way to Get Started in Real Estate Investing

The Art Of Wholesaling Properties: How to Buy and Sell Real Estate without Cash or Credit

Everything Wholesaling: The Ultimate Guide to Wholesaling Real Estate

Best of luck to you and happy investing!

@Tyler Wilkinson @Braden Smith provided an awesome list of resources! The only thing I would add is that Baton Rouge has a great REIA called the RING (Real estate Investors Networking Group) that usually meets the 2nd Tuesday of each month. I've learned a ton from the members in there. In-person meetings have been on hold with the pandemic, but you can get on the e-mail list here so you'll know once we start back up again:


Originally posted by @Amy Verges :

@Tyler Wilkinson @Braden Smith provided an awesome list of resources! The only thing I would add is that Baton Rouge has a great REIA called the RING (Real estate Investors Networking Group) that usually meets the 2nd Tuesday of each month. I've learned a ton from the members in there. In-person meetings have been on hold with the pandemic, but you can get on the e-mail list here so you'll know once we start back up again:

Amy,  could you provide information on how to get on the e-mail list?  I am interested.

 

Originally posted by @Amy Verges :

@Tyler Wilkinson @Braden Smith provided an awesome list of resources! The only thing I would add is that Baton Rouge has a great REIA called the RING (Real estate Investors Networking Group) that usually meets the 2nd Tuesday of each month. I've learned a ton from the members in there. In-person meetings have been on hold with the pandemic, but you can get on the e-mail list here so you'll know once we start back up again:


I included a link in my post as follows:  

You will find The RING: Baton Rouge REIA here: https://www.meetup.com/the-ring/