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Updated almost 9 years ago,

User Stats

52
Posts
12
Votes
Felix D Menendez Jr
  • Investor
  • Lawrence, MA
12
Votes |
52
Posts

Newbie real estate investor, best place to start? Advice

Felix D Menendez Jr
  • Investor
  • Lawrence, MA
Posted

I have been studying the real estate investing career path as a whole over the past two years as I built my credit and cleared all my debt. The problem i'm having is where to start, with all the info on the web and unlimited info on BP I still ask myself where do I start first, fix and flip, wholesale ect?

So I came up with what I thought was a solid plan so here goes it. I thought I would start with my first year in real estate as a wholesaler with my feet now on the ground and out in the real estate world I would gain more exp and knowledge. I would then move on to fix and flips as that would gain me more exp, with my end goal being purchasing multi family rental properties to hold for the long term.

I have a small end goal of 5 passive income properties within ten years, I say small end goal because I believe its very doable. I do have a partner for the short term goals of wholesaling and fix and flipping. If having a partner how will lenders look at us as far as credit and liquid assets? We are trying to use hard money to get our goals off the ground and we have done our homework on hard money but cant find a answer to how it works with two people borrowing or is that even possible?

Thanks in advance for any advice comments and help!!

Felix