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Updated over 6 years ago on . Most recent reply

Elvis Chukwu's profile image
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Elvis Chukwu
  • from Charlotte, NC
  • Member since Sep 10, 2018
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Elvis Chukwu
  • from Charlotte, NC
  • Member since Sep 10, 2018
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Elvis Chukwu
  • Charlotte, NC
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Starting Out

Is wholesaling the best way to start investing in Real Estate?

Elvis Chukwu
  • Charlotte, NC
Posted
I’m looking to start investing in real estate, I would lIke to hear what advice you have for starters?
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JD Martin
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  • from Northeast, TN
  • Member since Jul 6, 2015
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  • Northeast, TN
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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
ModeratorReplied

Work like hell. Save all your money. Minimize all your expenses. Buy a duplex/triplex with an FHA, live in the dump and rent out the nice parts. Stay there for one year. Refi out of FHA. Repeat.

To answer your question: not in my opinion. Wholesalers without a good process and good book of contacts are just about worthless to investors. And wholesaling is a job, it is not investing. 

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