Realistic first start for a newbie in real estate

[Sasha Taylor]

Is it unrealistic to want to do flipping as a newbie real estate investor? I've had some people tell me that as a newbie I need to start out in wholesaling especially when trying to build capital.

For my seasoned real estate investors, how did you start out? I'm very interested in all of the feedback and comments.

I should also mention that I wanted to do my first deal with a hard money lender. Is this a possibility as a newbie?

[Sasha Taylor]

@Tchaka Owen

Thank you for the questions and I'm gonna answer them to the best of my ability:

I currently don't have money on hand to invest and I don't feel comfortable asking my family for money only because I know what it can do the relationship if what you borrowed it for goes sour. I don't currently have a mentor but I reached out to someone to be my mentor simply because they're doing what I desire (I haven't heard anything yet). My goal in REI is to flip enough homes so that I don't need a hard money lender or bank. I want to build enough capitol so that I can start purchasing multi unit apartment buildings to generate passive income.

I haven't joined a real estate association as of yet but I just learned tonight of a chapter not too far from me so I will be reaching out to them tomorrow about a possible membership and attending a meeting.

The area that I'm interested in have homes that range in price from 100,000 to 200,000. The area is being revitalized and I believe just from the trends and business development, the value of the homes will go up. I could be wrong though.

I hope I answered all of your questions and I'm looking forward to the feedback 😊