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Updated over 10 years ago,
Newbie having trouble starting out
Hello BP users,
I have been researching information for months now, listened to podcasts, bought many books. I am trying to get started with hopes of having a home under contract by the end of the year (Dec 31, 2012). I will begin real estate courses soon in Boston, Ma to gain a better understand of the entire real estate process. I currently work 55-60 hours a week so it can be difficult to get in touch with other investors and feel confident to make connections since I am usually always busy.
I am having trouble deciding which route to take, wholesaling, fix + flip, buy and hold. I will be doing all three in the long run but to start what would be best? I hear wholesaling is the easiest for newbies and the cheapest as I do not haven much cash but everything I read on starting wholesaling starts to get a little overwhelming. If I do wholesaling should would do any type of home since I would not be working on the house?
I tried building list but I am not sure exactly what would be the best list for my area. I have looked at foreclosed homes and auction sites but you need the cash right away so that is out of the question if I am not mistaken. I just need guidance I live in the Boston, Mass area (dorchester). I have been looking at homes in pawtucket,Rhode island for its relatively close distance and much cheaper prices.
Do you guys believe wholesaling is the way to go with lack of funds? or any overall suggestions towards me getting started ?
Thanks for your help in advance!