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Updated over 18 years ago on . Most recent reply
Atlanta Newbie with Questions
I live in the Atlanta Ga. area, in a very up and coming city where many people are starting to move to. I would like to get started in Real Estate Investing. I am now just doing as much research on the Net as possible and maybe looking to take some courses. I would like to get into Wholesaling and also Rehabbing. The thing is I don't work, i'm a stay at home mom but do work as a Travel Agent part time. I have very limited income, but loads of time to invest in building my Realestate buissness. My husband supports and encourages this and is willing to be the one to finance the deals, he has decent credit of 610. How much would we need to get started in Rehabbing and Wholesaling?? I have no expeirence and really don't even know what to look for in a property. We own our own home, which we bought as a Hud home. We have about $30,000 in equity in the home we own. Should I use that to get started? Here are my questions.
Is Atlanta a good market for Investors??
Should I do an equity line of credit to start my first deal??
Or is there financing where we can put No money down??
What do I look for in a good investment property??
Should I maybe first start at Wholesaling to build my money before doing a rehab?
Do hardmoney lenders pretty much fund your whole project?? How exactly does harmoney lending work??
Are there any Investors in Atlanta or anywhere close that would be interested in mentoring me??
I'm really eager to get started, but really don't know where to start. I'm doing research everyday for hours on end, but really haven't found any step by step guides.
Thanks to all that reply