Need some guidance

[Adam Schellhammer]

Hi all,

My name is Adam Schellhammer and I am just getting into the real estate investment game.  I am looking to invest from Lancaster to Philadelphia Pennsylvania.  To give some quick background, about a year ago I received a small annuity and have since set myself to learn all that I can about real estate investment.  I have also assembled, what I hope to be, a strong group of support including a partner who majored in marketing and another who has contracting and heating/air conditioning experience. 

It has fallen to me to be the head of this caravan as well as the bank, and I believe it is time to start this venture and avoid analysis paralysis.  So I am wondering if anyone in y area, or anywhere else for that matter, has any advice for a first investment.  My initial thought is buy and hold, although the more I learn abut wholesale the more appealing it seems.

Thanks in advance for any advice.

Adam

[Hilary Karaman]

@Adam Schellhammer  Have you thought about buying properties that you can fix to some degree, rent out and then leverage for the next purchase?  This way you get your feet wet utilizing all of your partners, and at the same time, you'll start networking and your business will progress naturally as opportunities to wholesale, flip, hold, etc arise.

 I'm in Philadelphia, so if you needed some guidance regarding neighborhoods in/around Phila, Bucks, Montco, Delco, lmk.

Best of luck, 

Hilary