I'm ready to start my investment Journey where is the best location?

[Kizzy Williams]

Hello I'm Kizzy, I tired wholesaling to raise capital but it didn't go well, so I've decided to use what I have to make a deal happen. I'm interested in Orlando, Melbourne, Jacksonville or Miami but not sure if any is a profitable area. I choose these area because their not far for me to drive. I would like to start with single family to buy and hold or do mid term rentals. Any suggestions?

[Mitch Messer]

Quote from @Kizzy Williams:

Hello I'm Kizzy, I tired wholesaling to raise capital but it didn't go well, so I've decided to use what I have to make a deal happen. I'm interested in Orlando, Melbourne, Jacksonville or Miami but not sure if any is a profitable area. I choose these area because their not far for me to drive. I would like to start with single family to buy and hold or do mid term rentals. Any suggestions?

Hey @Kizzy Williams, I suggest you start by examining exactly what about wholesaling "didn't go well."

Here's why:

The 3 PRIMARY skills of wholesaling are seller marketing, seller management, and deal analysis. If you don't do those well, you will FAIL as a wholesaler.

But until you improve those three skills, you're also going to fail at ANY and ALL real estate endeavors!

The TRUE purpose of wholesaling is to provide a fast and low-cost vehicle for developing the key skills necessary to become a complete investor!

I recommend you rate yourself (1-10) on each of the Big 3 skills. How are you at identifying and contacting sellers with a real-estate-related problem? How are you at getting those sellers to want to talk to you and to share their hopes and fears? Finally, how skilled are you at "running the numbers" to determine the right purchase price to actually make money?

It's not about finding a "profitable area" or asset class or investment technique: The fundamentals are called that for a reason!

Best of luck!