Real estate investing with recovering credit

[Jose Diaz]

Hello to all. Since I am committed to my new venture as a real estate investor, I would like to have full disclosure with the BP community. I have been reading lots of great topics on BP and recommended books and I am very interested in the Buy/Hold strategy. In full disclosure, I have a bankruptcy and a foreclosure to my name. The bankruptcy is about 4.5 years old and the foreclosure with be 3 years ago in November of this year.

How do those 2 negative factors affect me regarding the buy/hold strategy? As of now, I am thinking of beginning with wholesaling to get my feet into REI and use the profits to pursue my goal of buy/hold.

Both negative experiences have taught me a lot. They were huge hits to me, being that I am currently only 31 yrs old. However, I firmly believe that we learn from our mistakes and my mistakes was lack of education. I am taking the time, my time to educate myself and fully understand and question everything I can.

Thanks ahead of time for the replies

Jose