Newbie Plan - Could Use Some Help

[Pedro Plascencia]

I'm brand spanking new to real estate investing and wholesaling (although I've been studying and learning for years without much action). I am reading everything I can on BP when I can. I'm at a point financially where I can afford to go all out for about two months, but will run out of savings at that point if I'm not starting to get some cash flow coming in.

I have other work I can get into, but figure this can be my opportunity to spend the time I know is needed to make money in real estate. If I get into the other work I've been thinking about, I would only have about 10-15 hours a week to invest into real estate, as opposed to 40-60+ a week if I dedicate myself to real estate.

My question is, how real is this wholesaling strategy, and how long can one expect to start seeing some cash flow? I'm not trying to "get-rich-quick" and don't expect it to be easy, but I'd much rather be working hard at this then the other options I've been thinking about.

I know I'd need a plan and could really use some help putting together a realistic plan that will get me to a point where I could be cash-flowing $3K+ a month before long. I'm in California (Central Coast) and frequently travel to Southern California.

[Curt Davis]

Pedro,

Work your normal job and do investing part time until you really get things going. If you jump into real estate right away you might get disappointed and think it does not work like you planned. Take things one day at a time.