AnswersGuru asked:
I want to start investing in real estate and I don’t know if I should wholesale properties or rehab the properties and sell them fixed up to end buyers.
I want to start investing in real estate and I don’t know if I should wholesale properties or rehab the properties and sell them fixed up to end buyers.
Oh ya..I’m pretty much broke right now..:)
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Yep do like the guy before me said,, Know several people that thought flipping was the way to go.. Now broke and loosing most of what they made in the good times.
If you don’t have any money then you have to use your time, which mean rehab.. for a few times to accualate the starting capital for expantion Buying fofr rent is great too…
Yep rentals are tough for all the head aches you have, but you know I did it that way, and sit back now in a 6500 sq ft home and all properties paid for and a good monthly income without doing anything except show a few houses each month, I have a full time helper and very few worries.
BUT For years i saved every penny and worked my **** off day and night to get where I am now.. So I will tell you right now,, Without a bundle to start Figure on doing a lot of work Yourself
I do not have a website where I am trying to sell you anything
If you are with very little cash Wholesaling would be the way I would suggest to generate fairly quick cash , but you will need to build a buyers list first ans find people who do the same thing , find a local real estate investment club in your area to join or search for mentor programs that help people .I know of one but I dont know if I should mention it or am allowed to mention it here so I wont .