New to Bigger Pockets and Real Estate Investing

[Tan Keaton]

Hello,

I'm new to Bigger Pockets and Real Estate Investing in general. I am in the stage of educating myself  on the field and was wondering if you all could help me with some starting questions. 

If someone is new to real estate investing, is wholesaling the best place to start (especially if you have limited funds)? I have read/heard differing opinions that wholesaling is a good place for someone new to start and other sources say that it is not a good place to start for a beginner. If you do not think wholesaling is the way to go for a beginner, what do you suggest? 

Do you think an attorney should be consulted before one starts wholesaling? I have heard differing opinions on that as well. I talked to someone who is working as a wholesaler currently who has never contacted an attorney but when I research real estate and wholesaling, I read that an attorney should be consulted before you begin. 

Could anyone help clear these things up for me? Thank you. 

[Jonathan Towell]

Hi Tan,

I wouldn't assume wholesaling is a good place to start. I've never done wholesaling and probably most investors I know also haven't done wholesaling.

Personally, I would recommend reading Rich Dad, Poor Dad to get a good mindset. Then, I'd recommend reading Hold by Steve Chader and Jennice Doty. Maybe check out "The Complete Guide to Buying and Selling Apartment Buildings" and the books they have on sale at BP.

Anyways, I don't recommend over-researching without jumping in. But, I just want to make the point that wholesaling is not always the best way to start.

I wish you the best!