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Updated almost 6 years ago,
Best Advice For A New Flipper
Hello,
I have been dabbling in the Real Estate Investing world for several months now. I have yet to do my first deal mainly because I'm stuck on the type of strategy I want to go after. In the beginning I was really focused on learning as much as possible on the wholesaling side. The more that I learn and start applying what I am learning, the more I find that wholesaling seems to be a full time job. In addition, I started calling home owners and within the first 10 that I called one of the owners called me back leaving a very threating voicemail that made me second guess what I was doing. I know that being on the phone a lot is part of the business which I'm perfectly fine with but being a robot resaying a script all day long doesn't sound to appealing. Also, spending countless hours driving for dollars for something that isn't exactly guaranteed can be stressful.
I am currently stuck in corporate America Monday-Friday and really trying to swim as fast as I can to get out of the rat race. I am very interested in fix and flips but honestly, I don't know a thing about construction or being a GC.
My goal is to get into an area that 1, doesn't desire my full time focus as I do still have a full time job and 2, an area that I can make larger sums of money to pay down bigger debts. After those debts are paid, I do want to focus on becoming financially free.
Just figured I'd reach out to try gather some advice for experienced professionals in REI. Wholesaling definitely isn't out of the question just wanted to write down those thoughts and gather some feedback.
Thanks!