Wholesaling or Rehabbing?

[Wayne Grogan]

Hello again BP world. Still reading and researching. Yet to pull the string on any deals. I originally thought that from a financial standpoint that wholesaling would be best for me, but from a social skills and understanding of all the contracts and hunting down a good deal perspective I'm not sure I'm cut out to go that route. I consider myself to be a better handyman than talker. I want say that I'm not intelligent enough to eventually learn all the legal in an outs. Just saying that I may be better off dealing with a wholesaler than a stressed out seller. Also, on a side note, I'm in a smaller community. No REI clubs that I have found. I get my information from here or free to low cost videos and books. I want to learn as much as I can, but feel that I'm going in a circle chasing my tail. I'm leaning more toward the buying from a wholesaler and rehabbing the property field. If that be the case? Is it possible to be succesful with limited savings, and only fair credit rating? My plan would be to get hard money loans for the property and use Lowe's account and credit cards to fund the repair cost. Wife and I both work and make a good enough wage to pay the holding cost for 2 to 3 months. If the holding cost aren't more than $400 to $600 per month that is. Any advice on this subject.

Still Sitting on the Fence