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Updated over 7 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
  • Calhoun, GA
3
Votes |
12
Posts

I'm new to wholesaling, but want to BRRRR

Account Closed
  • Real Estate Investor
  • Calhoun, GA
Posted

I'm trying my best to get started in the wholesaling area of REI.

What appeals to me more than that is the BRRRR strategy and creating passive income and equity to help pay for life and children, etc.

My credit is low at the moment and am worried about financing projects. Is it possible that someone out there would partner/fund a deal if it could produce good numbers if I do all the work side of it? And split the cash flow of course. 

If there is an alternative to this idea, I'm definitely open to hear it. I'm ready to jump in, I just don't know exactly where to jump. My plan is to start BRRRR asap along with wholesaling to help pay for life until i generate enough cash flow.

Thank you for all the help, BP!

Most Popular Reply

User Stats

256
Posts
349
Votes
Dan Mahoney
  • Financial Advisor
  • Atlanta, GA
349
Votes |
256
Posts
Dan Mahoney
  • Financial Advisor
  • Atlanta, GA
Replied

@Account Closed You will probably have some challenges raising funds if you have no experience, poor credit, and are putting no money into the deal.  That being said, if you have a good enough deal, you may be able to get past that.  

Are you hoping to invest near Calhoun?  That could be interesting.  What kinds of purchase prices and monthly rents are you seeing?

  • Dan Mahoney
  • Loading replies...