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Updated almost 10 years ago on . Most recent reply

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Hank Valdez
  • Vista, CA
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Hank Valdez
  • Vista, CA
Posted

I am looking to buy my 1st SFR I have been researching 3 areas

Milwaukee Wisconsin, Indiana, & Oklahoma  I have about 50k to start no sure how or best way  to get started buying from wholesaler homes already rented or buying something to fix then rent out??. Any advice would be greatly appreciated!

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Will Barnard
  • Developer
  • Santa Clarita, CA
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Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

There is no right or wrong answer here, only what is right for you. Depending on your desire of how active you want your role would determine which way is better for you. If activity is ok and you have skills to rehab, you are likely going to create more equity the more you do yourself. Buying from another investor or wholesaler,myounmisspelled likely will pay more. Doing the rehab yourself, you likely would create more equity and have a better cash flow position on the hold.

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